How to do the BRRRR method with no money?

You cannot do it with nothing, but you can do it with little of your own. The usual routes are a private lender who funds purchase and rehab, a partner who brings the cash for a share, a hard money lender that funds rehab draws, or a HELOC on property you already own.

A mid-priced BRRRR needs $35,000 to $80,000 in cash for the purchase gap, rehab, closing, points, interest and holding costs. If it is not yours, someone else supplies it and gets paid for it.

Private money at 8 to 12%, secured by the property and repaid at the refinance, is the most common answer. A partner funding the cash for half the deal is the second. Both raise the cost of a miss: a low appraisal or rehab overrun becomes a problem you cannot fund yourself, so the first borrowed-cash BRRRR should be a conservative one.