How to make the BRRRR module work in Westchester

[Nicholas Lioi]

Hello - 

My question is for season investors that do business in Westchester County or upstate NY. How can you use the BRRRR method when don't have 5-600k to buy a single or multi-family all cash in these areas? If go the trad financing route and put 20-25% down on the 1st property, then rehab it to increase the ARV, how will you have enough cash to then buy 2nd property? Even if you do a cash out refi, you still need to pay off the initial loan, and then will not have enough money to pay all cash on the next and so on when prices are at a high premium. What am I missing or not understanding? Thanks!

Best,

Nick