Financing Strategies for Rehab and Hold

[Joe Fordahl]

Hi, 

We are new to real estate investing (our only rental so far has been a home we purchased for ourselves using conventional financing and kept as a rental when we moved out), but we are interested in finding under market properties that need work, rehabbing, and renting them. We are looking at the BRRRR method, but have little experience with hard money.

Our question: what advice would you give someone new to real estate investing as far as financing a deal? Conventional, creative, hard money, etc. 

If you have used hard money in the past, what would be important to know?

Any advise on this matter would be helpful. Thanks in advance.