Very interested in investing, but a bit hesitant.

[Rafael V.]

Hello everyone, pleasure to be a part of this community. Seems like there's a lot of valuable information and people on this forum. I'm currently very interested in investing in MFH's. I'm 22, live in NJ, currently a student, and have around $50k saved up. I've been researching for only a week and trying to choose which investment strategy would be best. BRRRR caught my eye, but the only part I don't really understand is the refinancing part. I get that refinancing would provide cash for your next property, but won't refinancing the property after 6-12 months result in a higher mortgage for the initial property etc...? Also the BRRRR strategy might seem more appropriate to someone who has a full time job, why would the bank give me a loan if I'm a student. As I said I'm rather new to this so I apologize for the noob questions, but any insight would be appreciated. Thanks!