Question regarding completing BRRR

[Daniel Raine]

Hello, new investor here. I have been trying to educate myself as much as possible and decided to attempt a BRRRR strategy for my first property in Las Vegas. I found a duplex that requires some rehab, but I believe I still got under market value (I payed significantly lower than what appraisal came back for).
i am about to close on property using conventional loan and locked in a somewhat decent interest rate before it has continued to increase in recent weeks. 
since I went the conventional loan route, I wasn’t able to wrap up a rehab loan in the deal. Would It make sense to get a hard money loan for rehab and then refinance (considering the interest rates keep climbing, in afraid the refinance will have a much higher interest rate).  And I don’t wanna be stuck with a hard money loan for a long time either. I could also try to rehab as much as I can slowly as I save up more money. 
I would appreciate any insight into this part of the process, thanks! 

[Chris Svendsen]

Quote from @Daniel Raine:

Hello, new investor here. I have been trying to educate myself as much as possible and decided to attempt a BRRRR strategy for my first property in Las Vegas. I found a duplex that requires some rehab, but I believe I still got under market value (I payed significantly lower than what appraisal came back for).
i am about to close on property using conventional loan and locked in a somewhat decent interest rate before it has continued to increase in recent weeks. 
since I went the conventional loan route, I wasn’t able to wrap up a rehab loan in the deal. Would It make sense to get a hard money loan for rehab and then refinance (considering the interest rates keep climbing, in afraid the refinance will have a much higher interest rate).  And I don’t wanna be stuck with a hard money loan for a long time either. I could also try to rehab as much as I can slowly as I save up more money. 
I would appreciate any insight into this part of the process, thanks! 

I used a HELOC on one of my investment properties from Penfed to finance my rehab. Nice part is interest only for first 10 years so was nice and low payment then when refinanced I paid off the HELOC. Working on getting a new HELOC on my primary residence also for more capital. If that a possibility look into that or if able to cover cost yourself and then get a refi on property or take out HELOC on property later to pay yourself back. I am very conservative investor so I stay away from hard money lenders at all cost.