Newbie question on BRRRR

[Sang Nguyen]

Hi guys,

I'm brand new to investing in real estate. I've spent a solid month now listening to BP podcasts and other YouTube videos. The BRRRR strategy caught my interest, but I have a question.

Let's say I find a property that I like, and I would like to purchase it with a shorter term loan through hard / private money. Do you typically ask for the loan amount to be the cost of the house plus rehab costs? So let's say I find a property where the purchase price is $400k, and I estimate that rehab costs will be $50k. When talking with hard money lenders, do you request $450k?