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Updated over 5 years ago,
Paying back the investor using BRRR method
Good day everyone,
My name is Elvin and I am in the very initial stages of real estate investing. I have read in detail about and am very intrigued by BRRR. I know the basics but one thing I can't seem to grasp is how to pay investors back their money if you refinance and use the equity to buy more real estate.
Example: I partnered up with investors and was given 30K.
The beginning stages of BRRR go smoothly and I pull out 80K on the refinance portion. This is where one would move on to another property correct? But how would you pay the investor back? And how much would you pay back?
Thanks for any help.