Purchasing my first property

[Stephen Karakitsios]

Hi BP Community,

I am a new RE investor and I am finally ready to make my first purchase. I have the funding, I found a property - now it's time to make an offer.

I plan on using the BRRRR strategy for this property but I do not think that the ARV will be high enough for me to pull out all of 20% down payment after I refinance (I'm also content with leaving a few thousand in). This isn't a huge issue for me because I will be making great cash flow from rent every month after a quick and minor rehab (that I will be doing myself).

Has anyone been in this situation before or can anyone offer some advice?

Thank you!