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Updated almost 5 years ago,

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6
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0
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James Eaton
  • Real Estate Agent
  • Lenexa, KS
0
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6
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Question about the BRRRR strategy

James Eaton
  • Real Estate Agent
  • Lenexa, KS
Posted

Good morning, everyone. I am in the middle of David Greene's BRRRR book and I can't quite get my head wrapped around the strategy. How is it possible to buy a home then refinance and pull out 75% of the value as cash? Wouldn't you technically have a double mortgage on the property? Totally confused...

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