Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

17
Posts
6
Votes
Arriston Worthy
  • Yatesville, GA
6
Votes |
17
Posts

BRRR'D out of my mind, mentally fried!

Arriston Worthy
  • Yatesville, GA
Posted

If you have clicked on this post, you have possibly experienced some of the confusion I have and maybe worked through it or had a coach. 

 First alittle back story.

I'm 28 years old investor in Georgia currently looking for single family or multi family homes rentals. I have been a member of Bigger Pockets for 2 months but I have been researching the benefits and possibly of realestate for 7 months. I have read books, watched webinars, and read articles but I am still puzzled on the BRRR method. To date, I've worked on my credit to get an average score of 710 and saved 10k in a bank for investments.

My question: 

Bigger Pockets has a wealth of hard and private lenders in Atlanta and middle Georgia where I could get a decent rated loan to buy houses between $35-$100kin my area. After scouting a deal, working the numbers to get the loan, fixing the property,and refinancing, how do I get the money to pay the private lenders back? 

Most of the information I've found from different sources doesn't clearly illustrate how to take a refinanced mortgage to pay a private lenders. 

Can someone give me some insight on this?

Loading replies...