Talk to me about financing

[Nick Dunin]

Im a REI newbie. I'm ready to start searching for deals, I'm considering brrrr for SFH and MF. But I feel like I need a better understanding of all the financing options available. What's recommended for a beginner? Will a local bank loan to buy a fixer upper plus give additional money for the rehab? If so, is that considered a commercial loan? Is this the best option? I've read some

About hard money, is that a better options?

I have steady income (w2s), I have cash in the bank to have “skin in the game” but would really like to get it out after refi do keep doing deals. Any advice is appreciated