BRRRR Refi Question

[Miles Stanley]

So, if I understand correctly, if you BRRRR a house and do not use cash, aren't you only really getting the money you put up for the rehab back out of the Refi? (since you used a loan to purchase the property)?

Same question if you also used borrowed funds to cover rehab costs...aren't you only really paying back the loans with the cash-out refi money?

I'm interested in this strategy, but the webinar and coverage in the new book by BT seem to oversimplify this??

I don't know...

Thanks,