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Cash out refi / BRRRR breakdown help
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Iām a little confused on the cash out refinance / BRRRR strategy.
Say I buy a property for 70k and put 20% down (14k). I put 30k in renovations in, and it reappraises at 140k. So Iām all in at 44k.
I get a new loan for 140k and cash out refinance at 70%. Would that be 70% of 140k or 70% of 44k that I could pull out in cash?
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