What money are you taking out when you Refinance in a BRRRR?
When you go to use the BRRRR strategy, you buy the property, rehab it, rent it, and Refinance it... what exactly are you doing when you refinance the property? I think you are pulling money out of the deal somehow, but what money are you extracting from the property? Is it the downpayment that you made? What's going on?