23 yr old HUNGRY investor looking to execute BRRR strategy

[Aaron Jernigan]

Hello community!

I am a 23yr old aspiring RE investor. This summer i secured my first property though the Home Ready program (a 5bdrm/3bath SFR) that i am house hacking by renting out to college student in the Atlanta area for$600 a room. The cash flow that i am generating from this property along with my check from my regular job each month is being saved to go towards my second property. I"m looking to execute the BRRRR strategy late this year/early next year in order to purchase properties faster. Below are a couple of questions that i would appreciate any wisdom or advice from the community:

- Financing: What are some the best financing options for executing the BRRRR strategy? Are there any type of loans that allow you to roll rehab expenses in the loan that are not FHA? (Since my first property was through HomeReady program (3.5% down) i don't believe i would be eligible for a FHA/203k loan for a year). Or are most rehabs funded through cash?

-Are there any loans that do NOT require 20-25% down other than FHA?

- How could i leverage my first property in the upcoming BRRRR strategy I'm trying to execute, if at all?

-Any advice on looking to purchase 2 properties at the same time to BRRRR?

Any guidance would be greatly appreciated! I wouldn't have been able to secure my first property at 23 without the wisdom and love from the BP community! I am hungry to learn and develop my portfolio.

Sincerely,

Aaron