New investor looking for advice on a deal

[Sean Johnson]

Hi everyone,

I am a new investor looking to buy my first out of state rental property in North Carolina. I really like the power of reusing my money with the BRRRR strategy and have been focused on that so far.

I happened to find an investor looking to offload 3 properties at once, all of which generally fit what I am looking for and all with good cash flow and ROI numbers.

The issue I am having is that I would not be able to pull all of my money back out in the refinance, I would be leaving roughly 20% of my cash in this deal, thereby not having as much for more traditional BRRRRs down the road.

Looking for any thoughts/inputs people have, thank you!