Refinancing BRRRR Question

[Ace Kaspar]

When you cash out refinance a BRRRR that has increased in value, how do you go about paying that back and keep pace to cash out and keep BRRRR-ing on to the next?

[Andrew Postell]

@Ace Kaspar the post above from @Drew C Grossman is a good one to study.  I would like to expand on the 2nd point if you don't mind.

When I use lending to acquire a property I use lenders that don't require any down payment. Meaning, my hard money lenders will lend 75% of the After Repair Value (ARV). So in the above example, I would not be coming out of pocket anything to acquire a property in that scenario. It may not be possible in every market to find a lender that would lend that much with no out of pocket for an investor but I would say that is the goal to keep trying for. Coming out of pocket $0 allows the average investor to begin their investing career sooner.

Hope all of that makes sense.