BRRRR, Refinancing a Investor Deal

[Evan Smeenge]

I am trying to find other ways to invest in real estate without using my own money. I have heard that using hard money to start a BRRRR strategy and refinancing to pay off that hard money lender is a good way to do it.

I'm very confused on the refinance and repeat portion of the BRRRR strategy. I refinance to hopefully be able to pay off the lender, and then when does my profit come from?

If someone could break down the strategy when using either investors or hard money loans... And maybe three building types, a turn key, minimal fixes, full rehab.

Thanks!