Initial cash BRRR or hard money

[Jake Ingram]

Hey y’all,

Exploring my first BRRRR, and curious about financing strategies of initial cash purchase vs HML. Say initial purchase plus rehab, $100k, and that's 70% of ARV. If you had the funds available, with some cushion, is it advisable to skip the HML and $7-12k cost, and purchase in cash? With BRRRR numbers a bit harder these days, it seems that would be a decent option to explore for total ROI and CoC return if you aren't planning to take on more than 1 project at a time.

I understand Rehab and projects can go sideways, but looking to hear from others that have, or have not gone that route. 

Thanks!