2nd Property...BRRRR or NOT???

[Melba Chambers]

I am currently under contract on a duplex that will bring great cash flow, once it's updated. I am still not comfortable when it comes to the BRRRR strategy. I am thinking after I close using a conventional loan, I will take out a personal loan for the renovations. After 6months or so I will look to refinance it pay off the loan. Does that make sense? I feel like getting a hard money loan with my lack of experience will be difficult and I don't want to jeopardize my closing trying to get it done. Any suggestions would be great!!