How to get all cash out of an investment property?

[Patrick Philip]

I realized I've asked similar questions, but this is what I'm getting at. I know I need to use the BRRRR strategy. What is the trick to buying properly. Looking for deep wholesale discounts? Do I have to find properties that I can add value to? If I am able to get back all money I put into it, then I can quickly reinvest in another one, otherwise, I'm stuck having to save for another down payment.

[Nick C.]

The trick is buying a property at a deep enough discount that you can be all in for 75-80% of the appraised value, depending on the LTV the bank is willing to refinance. The difficult part is finding the property.

Then when you refinance you can get it all back and reinvest.