Updated almost 7 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
I'm struggling to understand how I lose all of my ROI when I refinance. I understand the concept of the BRRR strategy but after I refinance for the higher amount my payment goes up so much that I'm now losing all of my monthly income.
Can someone with more experience help me to understand how refinancing for the higher amount is a good thing? I think I'm missing something. I know that once I fix it up I can grab higher rents but not that much higher since this a University area.
*This link comes directly from our calculators, based on information input by the member who posted.