The B in BRRRR

[Mohamed Barry]

Hi all, I've recently started reading the BRRRR book. Is the B(BUY), and the whole strategy premised on buying the first property out right without taking out a loan? Then later taken that equity to get a loan/refinance for the next property? I'm very green to investing-I plan on buying my first property by 3-2023. It seems that BRRRR is not a viable strategy for someone who is trying to put 20 percent down on a home, but maybe a viable strategy once you have enough equity-is that correct? Thanks