How it works
BRRRR — buy, rehab, rent, refinance, repeat — works when the refinance loan returns most of the cash you put in. The result depends on your all-in cost, the appraised after-repair value and the refinance lender’s loan-to-value limit.
Frequently asked questions
How much cash can I pull out in a BRRRR?
The refinance loan is typically 70–75% of the appraised value. If that exceeds your all-in cost, you pull cash out; if not, the difference stays in the deal.
How long until I can refinance?
Many DSCR lenders require a seasoning period — often 3 to 6 months of ownership — before using the new appraised value. Some allow sooner with documented rehab costs.
What kills a BRRRR?
A low appraisal, rehab overruns and rent that doesn’t support the refinance payment. Check the DSCR after refinance before you buy.
