BRRRR Strategy-Do you leave money in the deal?

[Logan Pourbaix]

Just trying to gather a poll. Obvioiusly one of the perks of the BRRRR strategy is obtaining value add property that you can create equity in after a rehab. Im just curious as to how many of you leave a portion of your own money in a BRRRR vs taking the full LTV amount during the refi? Its nice when you can be left with excess funds after the refi to reinvest. If you BRRRR a property that positive cashflows (better or the only way it cashflows) with leaving a portion of your money in the deal, do you consider this a bad thing?

[Andrew Postell]

@Logan Pourbaix this will somewhat depend on your tolerance.  Meaning, if you find a great deal and it requires you to leave $20k in the deal....but you don't have $20k....then we can't even do that deal.  For MOST of us who do this over and over we don't want to leave ANYTHING in the deal.  Ok, maybe a couple of thousand.  But that's it.  Because I have to keep buying more and more and more - the whole REPEAT step.  Just buying one or two properties doesn't change my life.  However, it took me several deals to get good at the technique.  So my advice here is to get out there and do it.  And learn from doing it.  Lean on other investors.  Gather as much information as you can but just get out there and do it.