BRRR strategy ( funding hard money lenders )

[Andrew Ager]

I have a deal lined up but I'm hesitant about moving forward. I am going to be using hard money to purchase the property. My problem is I have to rehab the property before tenants in which may take up to 3 months . During these 3 months the property will be not producing any income and my hard money lender would like his monthly payments, I don't have much reserves to pay him through that so my question is how do you do a BRRR deal and pay the hard money lenders their monthly payment if the proper is not yet producing income also what if it takes longer than expected to move tenants in ?

[Eddie Cottingham]

By having cash reserves. I know people say you can do real estate investing without your own money...but usually a HML will want you to have some skin in the game anyways. Are you paying for the renovations out of pocket? how did you plan on structuring the deal with the HML?