All Forum Posts by: Kevin Diesel

@Aaron H. I have a question for you Aaron. I was reading "the book on rental properties investment " by B. Turner on how to make 100k a year with BRRR. But it seems that this only works after the 5th year.

The book for example says that you buy a house for 70k , add 30k in renovations, rent it out, refi it up to 70% and make you money back. But after refi the value should be more.

A lender refis up to 70%-80% when you hit the 6 month mark but they could refi 100% after a year, is that correct?

So if I bought two homes for the same amount mentioned above , and after rehab the value has gone up to 150k for each , wouldn’t I be able to refi both a year later and take out 100k in equity if I wanted to? What would be the pros and cons of such way of doing it ?

Thank you in advance!