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Updated over 3 years ago,
Homestyle Renovation loan for the BRRRR method in So Cal?
Been doing lots of reading and almost ready to begin my BRRRR journey, but I came across the Homestyle Renovation loan option while reading up on Hard Money Lenders. As a complete newb, would the HomeStyle Renovation be a recommended path to take considering I would only need 3% down and low interest rates? As stated, I'm new and have never completed a real estate investment purchase. I'm a high school teacher who would like to use BRRRR to help me reach financial freedom. I prefer to work with an agent as I learn the process of BRRRR, so from what I've read on the Homestyle Renovation loan, it looks like a nice option for completely new investors like myself? Is working with an agent also advisable.
Also, please don't message me privately unless you leave a comment below first. I am new to Bigger Pockets and I tend to thing people who message me privately are scammers.