Advising a client BRRRR strategy (cash-out financing)

[Sam Lewis]

Hey folks, I have a client who is looking to purchase a BRRRR deal every 3 months, with the plan to cash-out refinance 6 months post-purchase. The 6 month timeline would be 3 months of rehab, 1-2 months of placing a tenant, and the last 1-2 months locking in a refinance.

The ideal property would have an ARV of 150-160K in BalCo, generating gross rents of >$1600. He has two properties that are currently in his name, and not an LLC. I have explained to him the pros and cons of having an LLC.

How would you recommend him locking in financing post-rehab? Is his goal sustainable with continuous cash out refinancing?

Correction: these are not MLS deals