BRRRR Strategy in todays economy (depreciation)

[Jack Schneider]

Hi, just a quick question on something I am trying to wrap my head around. First post so forgive me if this is done wrong. When using the BRRRR strategy and refinancing rental properties in order to acquire more, what happens if you refinance when your house is worth less due to a market correction or crash? How does that work? Do you get the same money you put in out or can you lose that if the house depreciates that amount? Sorry for the stupid question I am a beginner and just trying to wrap my head around this and see if it is a good idea in todays economy. Thank you so much in advance.

[Anthony Bellesbach]

Im newer to this topic as well . my take on it is most banks will give 70% of the valve of the house. So on down years of home valve you would be looking at less money/loan amount also most banks do not like to loan money when market is down i believe. Also i think like with  heloc they can close the loan  in down markets and need to repay in so many days or if you lose your job.but not sure for brrrr. Best of luck