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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Charlie Anne
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89
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Mortgage now vs cash/refinance? Need advice!

Charlie Anne
Posted Jul 11 2020, 11:20

I am about to close on a house and I’m trying to figure out the best option: cash close & refinance vs 3.5% mortgage right away?

The home needs 6 weeks of repairs. 

What do you recommend? 

With cash, I suppose there are lower closing costs now, and I wouldn’t be paying a mortgage right away. I know there will be closing costs for the refinance.

I want to follow the numbers, I’m having a hard time making accurate estimates.

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