BRRRR strategy and lots of mortgages
Hello, all.
I am new to the world of real estate. I am trying to understand how things work in this field, especially with the BRRRR strategy, as it does seem like it will work beautifully.
Correct me if I'm wrong, but doesn't the BRRRR strategy mean that the Real Estate Lender will have lots of mortgages? For example, if I BRRRR 10 single family homes, doesn't that mean 10 refinances, which are 10 mortgages?
Am I right about that? If so, doesn't it seem irresponsible to be accountable for 10 different loans? And if these 10 loans are 20-or 30-year mortgages, is every BRRRR lender cool with paying 10 different loans over the course of 20 or 30 years? Perhaps I am very protective and don't like owing people money, especially 10 different people.