how to ? My investment property

[Kenneth Liz]

Good Evening BP community. Was hoping some of you fine people could advise me on the proper direction to move forward. So currently have 20k and have found some homes in Philadelphia, Pa for around 12k 15k which would need rehabs obviously. Do I buy these homes cash and do a rehab loan or would you suggest I do a hard money loan to finance purchase and rehab ?? Not sure if that makes any sense. But I’m pretty much trying to follow the brrr method thanks in advance for your time.

[Dan Barli]

There are a few things you should consider @Kenneth Liz. Do you have the money to rehab it? (using cash) If you are doing the BRRR strategy, make sure you have your ultimate refinance lender lined up well in advance. You don't want to get into a property, rehab it and then find out that you can't refi out of it. Make sure the end game is locked in before proceeding.