So, if you buy a property in a cheap market for $30k cash and invest $30k cash to rehab it and then it appraises for $80k after rehab you can refinance out your entire $60k investment and hopefully have a good cash-flowing rental. 

There may be tax advantages, cash flow, and other benefits.

Purchase price: $1,900,000 Cash invested: $2,450,000 The building, “36 South,” is conveniently located next to the Sea Pines Circle and is now home to 48 employees for the Sea Pines Resort.

@Steve Riesteryou have to have cash to BRRRR. there's just no way around it.and are you saying it's about to be on the MLS? 

Ask yourself what you are looking for (cash flow, appreciation, tax benefit, etc).

We do not adjust cleaning fee unless a property is really struggling and then we do it as a temporary move.

Try asking agents about property classes, ROI & Cash-On-Cash numbers!

Would it just be a double close to pay off the seller financing and I walk away with the appreciation and cash flow earned while under my control?

Purchase price: $120,000 Cash invested: $35,000 After running this as an airbnb for over a year I have learned so much.

@David Des this wasn't even a construction loan, it was a straight up cash out refi from a house I did a renovation on using a HML lender, house was completed, occupied with good cashflow and the appraisal came in right where it should have.....