Exact steps in a BRRRR deal?

[Darren Nardo]

I am still lost on a few little things when it comes to the BRRRR strategy while using other people's money.

For example:

you’re using private money (85% of deal) and your money (15%) .

If they cover the purchase price and part rehab and you plan to refinance out.. after the investor gets paid back and you want the house in your name to rent out; what steps are taken at that part in order to get the property in your name? When you refinance the property do you have to qualify for anything to get it switched over since they covered the purchase price?

I confuse myself