Buy, Rehab, Rent, Refinance, Repeat — a strategy for recycling the same capital across multiple rentals.
You buy distressed, force appreciation through rehab, then refinance at the new value to pull your cash back out. Done well, you keep the property and most of your money.
Example: Buy $180k + $45k rehab; refinance at 75% of $300k ARV returns $225k — nearly all cash back out.
FAQ
What is BRRRR in simple terms?
You buy distressed, force appreciation through rehab, then refinance at the new value to pull your cash back out. Done well, you keep the property and most of your money.