Brrrr finance details

[Jeffery Rayome]

I am new to all of this. I have been researching for a few months now, but now I am trying to get into the details of everything. I know I want to use the brrr method to build my real estate investing portfolio. I plan on using some form of private money/ hard money to do the buying which seems pretty straight forward.

I am curious as how the refinance part of this works. From what I can tell that is the part that makes or breaks you. I have read that you need to have money down to refinance. My plan was to partner with a lender and limit my own money use. I am more interested in building the business rather than making money on it right away. While learning about the brrr method the refinance seemed like not a big deal as long as the numbers were right, but as I get into it the refinance seems like the hardest part. What am I missing or not understanding?

In my strategy I am building I don’t care about getting money upfront as I want to simply build an good collection of buy and holds. This will be more of a retirement plan as I don’t intend to touch any money in or around my real estate investing until I reach at least 30-40 properties.