BRRR Strategy In Canada - How does it work?

[Zack Tremere]

Hey guys.

I have been listening to the podcast for awhile now and alot of the investors who speak about the BRRR strategy find private or hard money and buy the property, reno, and refinance at the new appraised value....
Unfortunately in my market (Hamilton, Ontario) the deals I am looking at cost at least $350k and the numbers just do not work on that sized loan at 5%-7%.
I was wondering how are Canadian investors utilizing this strategy?

Really appreciate the responses!