That means any gains you make on the property will be INFINITE, because you start with ZERO of your own money. 

Fannie Mae allows up to 10 for non-owner occupied, infinite for owner occupants.2) "Must wait two years" is an overlay, commonly called a "rapid acquisition" overlay.

When you have no money into deal your cash on cash return is infinite as its house money your earning off of.

Also, if down the road, if the LLC wants to, you can still have one of the other members go for that REFI...remember, there's no debt.Example:Property "A"                                     ARV                        100,00075% ARV (Refi)        75,000Cost (cash)               80,000%LLC Mgmt                    12%LLC Avail.               88# of Splits /% per     4/22% eaCost/Split                 22,000Cash Flow:            Rent                     1500Exp                         550CFNoDbt                950REFI PMT               380CFw/Debt               570Splits - No Debt:                 You                Split/eachCash In                              80,000                22,000% LLC                                  12                         22CFNoDebt                         1,368/yr              2,508/yr        Cash Back (BuyIn)            88,000                    0          Total Cash Yr 1                 89,368                2,508           CoCR                                111.7%                11.5%Splits - w/Debt                  You             Credit Ptnr      Split/eachCash In                        80,000                 0            22,000New %LLC                    12%                 28%              15%CFw/Debt (Mgmt)         605/yr           1,915/yr        1,026/yr       Cash Back (BuyIn)      88,000                 0                  0Cash Back (REFI)          9,000                 0            16,500 (22%)Total Cash Yr 1           97,605            1,915          17,526CoCR                           122%            Infinite          79.7%

By doing this you shift risk away from you, create less risk in the deal structure, earn more profits, and can repeat this process infinitely.  

And then there's about infinite comments with more info as well.https://www.biggerpockets.com/renewsblog/2013/08/1...Hope that helps!

Over the past few weeks, I've been reading a lot about the whole life / infinite banking concept from multiple sources including BP forums.  

I have a question for all of you guys and the infinite wisdom that people seem to have on here.

Or, you could use that strength to borrow equity, and use the BRRRR plan to leverage into other properties, then refi out of them, leaving your ConC returns at infinite values!!

I watch a guy named Ralph Smart (Infinite Waters) on Youtube.