BRRRR cash out refinance

[Conner Frost]

Hey everyone, I'm about a few weeks in on studying real estate investing. I'm extremely interested in the BRRRR strategy. I'm reading that you have to wait 6 months to do a cash out refinance. Is this true if I were to purchase a property with 100% of my own money? If this is true, how do people BRRRR to a couple dozen properties so fast?

Thank you all!

[Polo Vazquez]

For your first question the answer is yes. There is a way around it by having a company (your company) lend you money and filing a lien on the property so now, instead of it being a cash out refinance it is just a regular refinance. There is a post by Andrew Postel here on bp about it.

Second question, you can do this with multiple properties at the same time.