The BRRRR Strategy

Financing For Every Step: Buy, Rehab, Rent, Refinance, Repeat

Last Updated November 4, 2026 · Reviewed by Andrew Berman, CEO of National Mortgage Professional.

BRRRR is how investors build a rental portfolio without running out of cash. You buy a property below value, fix it up, rent it out, refinance based on its new value, and use the money you pull out to do it again. Each step needs a different kind of loan, and ILN has lenders for every one of them.

Access To Capital Is What Holds Investors Back

The thing stopping most real estate investors from growing isn't finding deals. It's access to capital. Banks cap how many properties you can finance, and every new loan means another round of tax returns and paperwork. The right loans remove that ceiling, and the right marketplace makes them easy to find.

ILN is an efficient way to shop multiple vetted lenders at once. Submit your deal one time, and lenders who actually fund investor loans compete for it. No cold calls, no starting over with every bank, and no guessing who's legit.

What Is The BRRRR Strategy

BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. The goal is to get most or all of your cash back out of each deal so it can fund the next one. When it works, you end up owning a cash-flowing rental with little of your own money left in it.

How Each Step Gets Funded

Buy And Rehab: Fix And Flip Loan. A short-term loan covers the purchase and renovation, based on the property's after-repair value. Learn more about fix and flip loans →
Rent: Place A Tenant. A signed lease proves the rent, and that rent is what qualifies you for the next step.
Refinance: DSCR Loan. A DSCR loan pays off the short-term loan and replaces it with long-term financing based on the rent, not your tax returns. If the property is worth more after the rehab, you can pull cash out. Learn more about DSCR loans →
Repeat: DSCR HELOC. Already have rentals with equity and a low-rate first mortgage? A DSCR HELOC lets you tap that equity for your next down payment without refinancing away your rate. Learn more about DSCR HELOCs →

BRRRR FAQs

Can One Lender Handle Every Step?

Some can. ILN has lenders that offer both fix and flip and DSCR loans, so you can line up your exit before you buy.

How Soon Can I Refinance After The Rehab?

It depends on the lender. Some require a seasoning period before they'll use the new appraised value. ILN lenders will tell you up front, so you can plan your timeline.

What If The Appraisal Comes In Low?

That's the biggest risk in BRRRR. Buy at a real discount and budget your rehab conservatively. ILN lenders can help you pressure-test the numbers before you commit.

Can I BRRRR In An LLC?

Yes. ILN lenders close fix and flip and DSCR loans in LLCs.

What If My Deal Doesn't Fit The Usual Box?

Reach out anyway. When the deal makes sense, our lenders will find you the dollars.

Start Your Next BRRRR

Tell us where you are in the cycle and we'll match you with a vetted lender for that step. It's free for investors, and it's for investment property only.

Get Matched