Question for BRRRR Investors – How Does the Repeat Work with Private Lenders?

[Shaun Matthew Vicencio]

Hey everyone! I'm diving deeper into real estate investing and learning about the BRRRR method (reading BRRRR by David Greene right now). I have a specific scenario I’d love to understand better, especially the Repeat part when using a private lender.

Here’s what I’m thinking:

🏠 Property price: $1,000,000
💰 75% funded by private lender = $750,000
🤝 25% funded by JV partner (including closing costs)

Let’s say:
🔧 Renovation cost: $50,000 (covered by me)
🏡 After reno, new appraised value (ARV): $1,250,000

If I refinance at 75% ARV:
✅ New refinance loan: 75% of $1,250,000 = $937,500
✅ I use that refinance to pay off the private lender’s $750,000 loan

Now I’m left with:
➡️ $937,500 (refinance amount) - $750,000 (paying off private lender) = $187,500 left over

Do I need to find a new investor for my 2nd property?

Here’s my main question:

👉 How do I repeat the BRRRR process if I don’t have extra budget for the next down payment or renovation costs? Especially here in BC, Canada where housing prices are so high—even for distressed or foreclosed properties.

Do you know of any books, websites, or YouTube videos that explain this part in more detail (especially when using OPM or private lenders)? Or if you’ve personally done this in BC, I’d love to hear how you made it work!

Really appreciate any insights or resources 🙏

and By the way is there any of you are based here in BC Canada mainly in Greater Vancouver to Lower Mainland like to connect with you guys!!