The BRRRR strategy when you already start with a 30 year fixed?

[Nicholas Lohr]

Quick question about the BRRRR strategy. I understand the strategy when you have a higher interest hard money loan and you want to refi into a 30 year fixed lower rate but can someone explain how it can work when you have a 30 year fixed from the start?

Specifically I bought a property for 200k and got a 30 year fixed, I'll put about 60k into it, and next year I think it'll appraise for 300k.

Can someone walk me through the numbers of how can I use the BRRRR strategy for this?

thanks!