How to finance the Rehab in BRRRR

[Brad Reiner]

Hello. My name is Brad and I just got my first real career job where I'll actually be able to set money aside and not continue living paycheck to paycheck (Wahoo!). I'm just starting the process of saving up to get into real estate investing, and also starting to research my best method of getting involved. The BRRRR method is one of the more appealing methods to me. My question is: For those that BRRRR your first property, how did you finance the rehab. Having the cash saved up is an obvious answer, and I know FHA203K loans exist, but they require you to live in the property. Is there an investment loan similar to the FHA203K loan that combined the property and rehab into one loan, or am I making things up that are too good to be true.

[Ricky Tran]

I believe some hard money lenders can offer 75%-85% LTV for rehab costs