BRRR Method with our without the refianance and Repeat ?

[Jack S.]

Hi all i was just wondering everyones opinion on the BRRR with and without refianancing and repeating ?

As an example Im aiming for a 60k property needing a little work spending around 10k on and aiming for an ARV of 100k-110k. Rent the property out at £500 per month.

After the deposit + rehab and fees i would be around £27k into the deal and a mortage of around £45k . Equity would be around £55k as an example

Would there be any benefits to refianance and repeat ?

Thanks for the help