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Updated about 5 years ago, 11/17/2019

Caleb Ormonde's profile image
Caleb Ormonde's profile image
Caleb Ormonde
  • Member since Nov 17, 2019
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Caleb Ormonde's profile image
Caleb Ormonde's profile image
Caleb Ormonde
  • Member since Nov 17, 2019
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Caleb Ormonde
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Starting Out

Can you do a Cash Out Refinance on a business???

Caleb Ormonde
Posted

I have been reading about the BURRR method, and really want to get started. I have 100k-115k to get started, but I do not currently have a job. I would prefer to not have to go job hunting, and instead buy a business in the industry that I have been working in for the last 16 years (air conditioning), and use that to pay my bills.

So my question is, can I  apply the BURRR method to buying a business? Can I pull the value out of the company to use for investing in property? 

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