little confused on the refinance portion

[Kevin Mouck]

Hi everyone,

I am new to the site and looking to get into investing here in Calgary. I am looking to get into buy and hold using the BRRRR method and for now am focused on single family or duplex units. I am still a little confused on the refinance portion, am I essentially taking all the money invested thus far into the property back out? Also, finding an attractive property using the 70% rule is difficult, and what do I do when interest rates inevitably rise? Right now we're able to get in at around 2.5%, a small jump can easily erase cash flow no? Not like I can raise rents by $200 just because I need to.

Thanks for any help,

Kevin