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Updated almost 4 years ago,
Getting started with hard money
I am looking to get my first property using a BRRRR strategy to profit on my first rental and then grow from there. I want to use a hard money loan with 100% financing and find a good property to rehab and cash out refinance for some profit after I put a tenant in it. Is this a good strategy to start off with? My goal is to use none of my money and start/grow my rental property portfolio (I have little money to fund deals with hence the 100% financing route). Tips? Cautions?