My First BRRR: Financing

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Over the past year I have been consistently working on my wholesale real estate business and closing deals so I can build capital, experience, and relationships to begin my personal real estate portfolio beginning next year in 2020.

I work for a commercial real estate group doing property management and acquisitions assistance, plus I have been building my knowledge through reading books like "Investing in Duplexes, Triplexes, & Quads" by Larry Loftus. So I have a decent background of the process and where I want to be; but I know I do not know everything at all. Especially when it comes to the process of hard money loans and the refinancing.

My plan is to house-hack a duplex or triplex by buying it with hard money, rehabbing it with hard money (quickly), rent one side while living in the other myself, then refinance with the bank to pay back lender, and have a down payment money for next multifamily opportunity.

My questions are, what amount of interest should I expect with hard money lender with this being my first loan? How much of a down payment should I expect? Where can you find credible hard money lenders (Cleveland, OH)? And how long is the refinancing process? I dont want to pay the high "hard money" interest for long.

Thank you,

Phil Moreland