Hi BP, Need some strategy advice!

[Bryan Pham]

Hi BP,

I am getting ready to purchase an out of state property and I am not too sure which is the best approach. My agent was able to locate a property in Houston, TX for 90k with an ARV of 145k but needs about 10k for repairs.

I am thinking about how to skin the cat and is open for advice, tips and suggestions. 

I want to do a conventional loan on the 90k with a standard 20% down payment. I am curious to know if it is better for me to purchase the property with full cash, fix it up and then refinance or should I proceed with the first part which is put down as little cash as possible (18k), fix it up (10k) = 28k and then do a new appraisal to 145k and then try the BURR strategy. Are there any limitations with what I am thinking? Is my strategy wrong? Please let me know, thank you BP!