Refinance money out of brrrr deals question

[Lawson Nesbitt]

I've read that by using the brrrr strategy you can acquire around 2 properties per month using this strategy but how is this possible if your using the same money and you have to wait for 6-12 months to refinance your money out of a deal into another brrrr ?

Any help would be greatly appreciated!

[Vadim F.]

Quote from @Lawson Nesbitt:

Quote from @Vadim F.:

Quote from @Lawson Nesbitt:

Thanks for the response elliot!

quick question. is their a limit to the amount of multifamily properties you can refinance with the bank?

Say you get a private lender for 100k then you buy a duplex for 75k (hypothetically) and put 25k into it and it appraises to 155k. You can now refinance up to 70% with the bank and pay back your private lender the 100k (plus interest). Then you keep the cash flowing property using the tenants to pay the refinanced loan with the bank.

1. My question is this, is there a certain number of properties you can refinance with the bank? like if the deals are all working could you do this strategy forever or eventually will the bank not allow you to refinance anymore properties ?

Thanks for any help!

 If you're going the conventional route, you are only allowed 10 conventional loans. 

 After reaching the 10 limit what are other options for refinancing out of deals ? 

I am new to CRE and would appreciate any guidcance you may be able to offer!

 I would focus on getting your first investment then worry about how you could finance others down the line.