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Updated over 5 years ago,
How to pay back lenders?
So I've been listening to several Bigger Pockets podcast on the BRRRR strategy and I think I understand for the most part, except for one aspect I'm still having trouble wrapping my head around. After borrowing money from a lender for the purchase and rehab of the property, and then the refinancing, how is the lender making their money back? I'm assuming it's from the funds from the refinance, but how are you left with enough to then go "repeat"? I know I am missing something here. Can anyone explain? Am I totally off?