Wrapping My Head Around BRRRR

[Trevor Smith]

Hey everyone, im brand new here and brand new in general. Im 18 years old and live in the Madison, WI area. Im going to get into the BRRRR process and have been learning as much as I can. Im taking this time to learn as much as I can while saving up as much as I can (takes money to make money; as they say). I am currently reading David Greene's book about the BRRRR process, I understand pretty much everything besides the finance and refinance step.

People are always talking about borrow borrow borrow but I have never heard anything about paying these lenders back after the initial finance. I think I might have an idea but im wanting to double check so I  can simply wrap my head around the concept. 

So... After the Buy, Rehab, Rent you get to the refinance (Disclaimer: Im new to "the real world" and all of these new terms but im learning more every day (Be easy on me please :)) I digress. The idea I have in my head is after you refinance, do you take the capitol you made from ARV and pay the lender off then use the profit to invest more?? Or do you just hold the property's until they are paid off? If so how do you hold 100's of large loans (giving your portfolio grows to this size) for such a long time period? Im confused.

I will most likely be back with many many questions throughout this journey. 18 and already tired of working for the man and not being able to do what I truly want to :/ I invite you to follow along with me while I learn and eventually teach on my way to true financial freedom :) 

Thank you much!