Refinancing Multiple BRRRR Properties in a single year?

[Ryan Russell]

I recently came up with a plan to (over the course of 10 years) purchase multiple BRRRR properties using cash (savings/private money etc.) and I was curious if it was feasible. Here's how it goes in a very abbreviated version. If you're familiar with Brandon Turners BRRRR strategy in some of his books he talks about purchasing one BRRRR property with cash, waiting 6 months after rehabbing it and seasoning it, and then refinancing. This would essentially allow you to hypothetically purchase 2 properties per year if you did all your numbers correctly right? My thought is, this is good but, what if after a few years you bought another property using NEW cash (not money from refinancing) and now all of the sudden you have another home that you could refinance in 6 months. This way you could do 4 homes a year instead of 2. You could even do this again and do 6 homes per year etc. right? I have no clue if this is really feasible or not because I know you will need to have 6 months of mortgage reserves for each property you have in order for the bank to consider giving you another loan plus i'm sure there is lots of other things i'm missing. Essentially, i'm curious if you can cash-out refinance 6+ rental properties per year. I would really appreciate any advice or input on this idea. Thanks.

[Jacob Murphy]

@Ryan Russell Using the BRRRR strategy is what I do. 6+ properties is definitely doable! You will pay less closing costs if you can do multiple properties in the same loan. Here is an example of someone who is doing the BRRRR strategy using little of his own money: https://www.biggerpockets.com/blogs/9253/53584-how...

The sky is the limit with the BRRRR strategy. It all depends on who your lender is and what they are comfortable lending on. I'm actually working on a blog that goes deeper into the BRRRR strategy since I had so many of these questions in the beginning too.