Starting out with BRRRR

[William Davis]

So, I have this idea for a business that uses the BRRRR method. The problem though is getting enough money start is when it comes to buying property in my area. I don't want to go to a hard money lender for the full 70-80% ARV because interest is too high. Property near me is also very expensive and its difficult to find something that will increase in value 20-30% because of the high values in my area. Just a lot without a house on it is 300k. Of course Im going to start out slow with my first property, but once I get I get the process down I feel like it would become easier. Once that happens I plan on ramping up the number of properties I acquire. Does anyone have some advice to help me get started, or maybe share their story on how they were able to get the funding for their first investment property?