What are your challenges in applying the BRRR method?

[Stephanie Ford]

Most of my properties I buy cash and do the rehab myself. I recently bought a property with owner financing then I applied the BRRR method. The banks have the upper hand in my opinion when doing this. This is because they know they have you where they want you. The lenders can jack up the rates, take you through it when attempting to pull out your renovation funds and have you on the hook when it's time for another property. In my personal opinion, I see the benefit but in some cases I don't. Now I know we don't have an unlimited supply of money, however in my opinion, it's better to pay cash then get a portfolio loan. What are your thoughts on this.