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Swaroop Vanteru's profile image
Swaroop Vanteru's profile image
Swaroop Vanteru
  • Member since Aug 13, 2018

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Swaroop Vanteru's profile image
Swaroop Vanteru's profile image
Swaroop Vanteru
  • Member since Aug 13, 2018
Swaroop Vanteru
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Starting Out

Cashout Refinance vs New Home Loan

Swaroop Vanteru
Posted

Hi All,

I am a newbie to Bigger Pockets and real estate investing and am planning to do BRRRR as my first property with below steps.

1) Inherited a under construction property and planning to rehab with my own money .

2) Put a tenant in the house for cashflow.

Since rent will be added to my existing income.Should i apply for new home loan and pay EMI from the rent (or ) just go with cash out refinance (or) It doesn't matter and should go with one where i get better terms ? 

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