BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago,
Confused about financing BRRRR
So I'm a little confused about how BRRRR works with financing. I understand that the preference is to buy and rehab with your own money, but obviously that isn't realistic for the majority of people. SO, if put a little of my own money down, then finance the rest with a hard money/ private lender, how do I ensure I'm able to pull enough cash out of that house to pay off the investor plus financing and still have enough left over to roll over into your the deal? I'm assuming it's all in working the numbers prior to the purchase, but I feel like this part is getting skipped over in a lot of the podcasts. Or maybe I'm just misunderstanding something. Anything you can share would be a great help! Thanks.