well other than saying you own a property this makes zero sense unless there is some underlying valuelike a developer wants it and will pay a premium etc.if its just to get into a rental  I guess but if there is no equity it defeats the short sale the short sale gets approved to sell for less than owed. you bring it current and your in the house more than its worth.why would U do that.. 

The value add people are the only ones around here making a decent return from rents and you need to know what you are doing.yup give me a .05% for a long term hold in a great area.. end of a 25 year run.. compare that to a 2% deal in other markets see what the real IRR is.. cant discount that those that enjoy the better higher numbers we see posted above are ALL locals who source their own deals do their own rehabs ( manage them ) and handle the tenant base personally.. or very hands on.other folks from other areas who have to hire it all out while they can do OK they cant feel defeated if they don't do what the locals do. 

I was pretty surprised to see how many bills actually get defeated.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

Does this creative way of financing a BRRRR make sense or does it defeat the purpose of the BRRRR because the refi should provide you with enough equity to pull all or more than your original cash out?

If you still want to go ahead  consult with a specialized attorney and check the bilateral tax agreements with your countryyou may find 50% ltv loans with high rates which will hinder you returns and defeat the purpose of real estate investing which should be about taking advantage of leverage, mortgage interest deductions, depreciation, etc. that you would probably get in your countryAlso be aware that if you die while holding property in the US. the irs will levy a 50% estate tax on your assets.There is a way to avoid that but it involves creating complex structures with trusts etc..If you want cash flow los angeles is probably the worst place with sf and manhattan to look for.

So, by rules of classical economics, to defeat inflation it's a 2 step process of cutting off the spigot of capital into the system, and than to inflict job/employment destruction to cut-off inflation "at the pass" so to say.

None of them involve paying down debt since the build up of equity is defeating the purpose. 

Samuel,I call them the unethicals...Ryan Fletcher's Defeat the Mega Agent book.

Which I guess would totally defeat the idea of bypassing them hahaha