Understanding the BRRRR strategy

[James Sanders]

Hey guys/gals I just had a quick question regarding the BRRRR strategy. How exactly does the cash out refi work?? If you say bought a house for 100k and put 50k rehab into it and cashed out at say 200k how do you figure out the rent amount?? Do you get it appraised before renting?? Then base rent off of the new appraised value or are you trying to figure out the rent amount beforehand?? Thank you so much for any responses! Glad to be a part of this community -James