BRRRR General Rules of Thumbs
I am interested to learn more about some general rules of thumb for refinancing BRRRR properties depending on cash flow. What have been typical loan interest rates and refinance rates you have personally experience. How much did it affect your cash flow monthly? What rules of thumb did you use to know that it was a good choice to refinance and not just buy and hold as a rental.
I am looking to get started in the Midwest and was curious to hear other peoples stories and experiences as I continue to learn more every month. I would like to BRRRR my first property in the next year or so and would love to hear about some real world examples to compare to my calculations to make sure I am not missing anything. I have been researching lots of properties in Cincinnati, Cleveland, Columbus, Indy, & Chicago area suburbs.