BRRR & Raising Private Money for Multi-Family

[Matthew Rembish]

This is just a random idea I had the other day but in theory, would it be possible to use the BRRR method to buy multi-family properties with privately raised investor capital and then pay them back directly after the refinance, paying them interest on their investment with rental income in the meantime. I'm sure I'm not the first person to ever have this idea but does anyone have any experience doing it? I have very little capital of my own but know many people looking into invest and I'm trying to break my way into the multi-family game; figured this might be a good place to start. Any feedback is very much appreciated.

Thanks!