Buy, Rehab, Rent, Refinance, Repeat — how the cycle works.
BRRRR builds a rental portfolio with recycled capital. The five steps:
Acquire an undervalued property — often with short-term hard money or a bridge loan.
Renovate to force appreciation and make it rent-ready.
Place a tenant so the property produces income.
Refinance into a long-term DSCR loan based on the new value — pulling your original capital back out.
Use the recovered capital to do it again.