BRRRR…where do you ACTUALLY start?

[Travis Andres]

 So I’ve noticed everyone touches on something, but haven’t seen it actually detailed out…for someone looking to get started, where do you ACTUALLY start??

For example, looking to BRRRR and have about $100K: Will probably be able to get private money, otherwise will get HML for the initial purchase (with my money going toward rehab, closing costs, etc)

That being the case, do I try to find the deal first? (which I'm guessing also entails getting core-4, or at very least contractor bids for rehab?) Or do I find HML first to get pre-approved/make sure they'll finance, and then look for the deal?

If I should find the deal first, how do I lock it up without knowing if I have the funding? Or do I just have to hurry and put together a prospectus for lending and hope that the property doesn’t get scooped up in the meantime?

Also, credit isn't great right now due to high CC balances (which I'm paying down) so is it better to wait till score comes back up or does that not matter as much for HML? (if I end up going that route)

Any direction would be greatly appreciated.  

Thanks!