How to Finance for the BRRR Strategy

[Kenneth Ehrmann]

Hello BP community. I am a current home owner in the process of analyzing another home in my neighborhood. I know the market well and know it will cash flow and appreciate well. Based on this home and price, I believe it offers a great BRRR opportunity.

In terms of financing, do I need to pay for the home in cash (with some sort of loan backing of hard money, private lender, etc) or can I buy it traditionally with 20% down and still follow the BRRR strategy and refinance traditionally?