BRRRR METHOD QUESTIONS

[Adnan Dizdarevic]

Good Day BiggerPockets,

Out of all of the methods i have looked up, the BRRRR method catches my interest the most. The method seems to make the best strategy in my opinion. However, i have some questions i was hoping i could get some answers to:

1. Cash or HRM Loan? Which would you recommend? and why?

2. If i do a cash deal to buy the property and renovate the property, would i need to wait the 6-12 months to get a home equity loan? Since i am not refinancing, i am only financing would banks still expect me to wait 6-12 months to finance? 

3. Lets say the property i am interested in purchasing is $140,000.00. I want to pay in cash. How much of a lower offer would most of you make? 20% less? or what would be a good number to offer in cash for a $140,000.00 property? Now keep in mind this property needs a full renovation approximately $40,000.00 - $50,000.00, it is a duplex in a neighborhood where most duplexes that are move in ready sell for closer to $200,000.00