How much equity can I pull out?

That depends on the appraised value, the lender's maximum loan-to-value and your all-in cost. Estimates are not guarantees.

How long before I can refinance?

Lenders set their own seasoning requirements. Ask lenders before you buy.

BRRRR Investing in Detroit

Buy, rehab, rent, refinance, repeat — and the equity you get back.

BRRRR suits investors who want to recycle capital. The key number is the equity returned at refinance, which depends on the lender's appraisal and loan terms — not on anyone's estimate.

We show an estimated BRRRR equity return on listings where the numbers support it, always labeled as an estimate.

Read: Compare Detroit investment strategies →

What this topic covers

Choosing BRRRR candidates
Rehab scope and holding costs
Refinance appraisal and loan-to-value
Risks that trap capital

Guides

BRRRR

BRRRR in Detroit: What Determines the Equity You Get Back

The BRRRR strategy lives or dies at the refinance. Here are the variables that decide how much capital comes back out — and the risks that can leave cash trapped in the deal.

Read guide →

Frequently asked questions

How much equity can I pull out?: That depends on the appraised value, the lender's maximum loan-to-value and your all-in cost. Estimates are not guarantees.
How long before I can refinance?: Lenders set their own seasoning requirements. Ask lenders before you buy.

General information only — not legal, tax, financial or investment advice. Projections and targets are not guarantees.