Looking for advice - First Flip, Hard money loan

[Olivier Clow]

Hi everyone,

Im very new to the forums and real estate investing. Im a 26 year old contractor from Montreal, QC with 10 years of experience as a carpenter. Im looking to purchase my first Flip in the next few months. I have the skills and trade knowledge for the hands on stuff but I don't have the funds. I have no experience with hard money lenders. Im still deciding wether i should start with a flip or a BRRRR.

 My question is, 

Is a hard money loan a good idea for a BRRRR?

what are your experiences? what should I look for in a lender? are there lenders that would do 100% financing (including rehab)? 

Do you think there are better financing options for someone starting out?  I doubt a Traditional mortgage would be an option, I purchased my home last year. 

I would love to hear any suggestions, opinions and experiences!

Cheers,

Oli