The BRRRR strategy recycles cash quickly and builds a portfolio by buying, rehabming, renting, refinancing, and repeating properties.

The purchase was $375,000 and the rest was used for renovations.My cost bases in the building will be around $740,000.I refinanced the building with a $900,000 loan.I have an offer on the building of $1,400,000Total capital gains would be about $660,000So, my question is after selling the property (for easy math) lets say I walk away with $500,000 after paying off the bank loan.

Further, at $3 million the borrower probably could have refinanced and paid off Peerstreet, but nobody was interested in making a new $5 million loan.  

Bought the 3 unit for 95k in 2019, renovated and refinanced end of 2019 and pulled 80% of cash out.

With the expectation of entering a rate-cutting cycle, there’s potential for more favorable refinancing options as rates decrease.- Valuation Improvement: Allowing time for property valuations to improve as interest rates drop.Budget ConsiderationsIt's crucial to budget adequately to navigate projects to a safe point, typically requiring an 18-24 month budget.

Others I re-financed to get cash.

Can someone explain how using the Heloc to purchase the property with cash, then rehabbing it, then renting it out and then refinancing the home would benefit them in this scenario?

Hey all,I’m a private money lender and a hard money broker and I’m interested in hearing from anyone who’s gone through cash-out refinancing.

I also just refinanced my property w/ BOFA and financing for the upgrades were not even brought up.   

If you're house hacking, you could refinance into a conventional loan with as little as 5% down, assuming the property value and your financials qualify at that time.Make sure the terms allow for early refinancing, and keep an eye on interest rates to refinance when it’s advantageous.