BRRRR with 80% of LTV or LTC, whichever is lower?

[Jeremy Bohnett]

Hi everyone,

My understanding of the BRRRR method doesn't seem to be aligned with what I'm getting from the 5 portfolio lenders I've talked to in Arkansas. I'm being told by everyone that they will lend 80% LTV OR Loan to Cost, whichever is lower. This makes it impossible to pull ALL cash out and REPEAT with my initial capital as they want some "skin in the game".

Am I talking to the wrong people or was I under the wrong impression that BRRRR's involve all cash out based on solely 75% or 80% ARV?

Thanks for your help!