New investor looking for tips on the BRRRR strategy

[Jake Ferguson]

Hi everyone! This is my first post here on bigger pockets, I am a big fan of the podcasts though. I would classify myself as a new investor, but I'm very eager to learn about new ways to invest. I currently have 5 homes. My primary that I live in and 4 sfr. I want to get into the brrrr strategy on my next investment here, but I was wondering what the best way to go about it is. Should I put just the minimum down payment? Or should I look for a hard money lender and buy out the home? Also, is getting a line of credit from a bank or a heloc better than doing a hard money lender? Pros and cons? Do I need to wait a year before doing a cash out refinancing? Or is that based on the bank? Thank you all for the help and I'm excited to finally join the bigger pockets community!