Execution vs flexibility in BRRRR refis

[Pierre Guirguis]

I have noticed that a lot of BRRRR discussions focus on rates and leverage, but less on execution risk and timing.

For those actively repeating the strategy, how do you think about refi timing when balancing speed versus cost?

Do you prioritize being fully refi ready before the next acquisition, or do you stay flexible and accept some idle capital in exchange for certainty when a deal appears?

Curious how others are approaching this in the current environment.