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Updated over 5 years ago,
Im stuck with the BRRR strategy(repeating)
Hi all,
Im a Dutch high school student that is currently exploring the world of investing.
I've been reading and watching video's about the BRRRR strategy.
There's just one thing i don't know..
For Example.
Someone will lend me 50k for the house and 40k for the rehab. That's 90k in total. (let's say after that the house is worth 120k)
Then when it's finally done and i've refinanced it for 90k.
I pay back the 90k to the lender.
And then what? I can't repeat it because the 90k is gone right?
Sure i have cash flow coming in from that house but not enough to do it again.
Please help me and let me know what i'm missing in this picture!
Kind Regards,
Azziden Koppelrath