FINANCING A DISTRESSED MULIT FAM

[Tyler Riggs]

Hey y'all, 

I'm a first time poster, a complete newbie, and in need of some advice.

I have my eyes set on a 4plex in Florida, and boy is it in rough shape. I have enough capitol to buy the property cash, however that would mean me losing out on the fantastic BRRRR strategy and tying up money that I could put into future investments.

2 questions:

Is there a version of BRRRR where I could self-finance the buying and renovating, then somehow refinance my money back out of it?

Can anyone give me advice on finding the right lender?

I know of HELOC, delayed financing, and FHA (203)k loans but I'm not sure these will maximize my investing potential in the long run and I don't plan on living at the property. Again, the quadplex is highly distressed so I feel like most lenders won't be interested.

Any advice will be greatly appreciated. 

Thank you.