Starting out - finance questions

[Philip Schambach]

I'm new to REI and trying to learn as much as possible before I jump into my first deal. I have a couple of questions as it relates to how to finance deals.

1. How is one able to get money out of a deal when they refinance? (Such as in a BRRRR situation) Can someone provide an example of what this would look like?

2. If I were to get private funding for a buy and hold, how do you pay the investors back? It seems like there wouldn’t be enough cash flow for it to make sense, but it seems like people are making it happen?... An example for this as well would be much appreciated!