BRRRR with a Rehab Loan

[Brian R.]

Hey everyone - thank you for taking your time to read this post and provide feedback. First time investor and big supporter of BP and the wealth of knowledge on this platform.

I moved into my first contract today, contingent on an inspection. The property is selling for $95k, with an estimated $30k for rehab. I'm using a conventional loan for the purchase with 25% down and the ARV is $180-$210k based off of comps in the area.

My question is, should I use a rehab loan for the $30k on the property or should I use my reserve cash?

With this being my first property I am hesitant to put ~$50k (down payment + rehab) of my own cash into my first BRRRR and wondering if using the rehab loan would be a smarter move.

Thanks for the advice in advanced.

Brian