#AskBP - BRRRR method - Refi

[Evan Doan]

In the BRRRR system...can you explain the process, in as much detail as possible, of refinancing in order to get your money out of the deal to then go and purchase another investment property?

For example, we are looking to use a HELOC we have recently acquired to purchase an investment process. We are contemplating the use of the BRRRR method, but I am looking for more info on pulling the money out of the deal once the rehab etc. is finished so that we can purchase another investment property. Hope this isn't too confusing.

Thanks in advance!