Buy + Rehab Financing

[Aaron Freeman]

There are so many loan options out there, that I need help focusing my education to the most important ones, and that raises the first question I am having a hard time understanding.

For the experienced BRRRR investors, are there typically three loans in play or just two?

1) Loan to purchase the property
2) Loan to rehab the property
3) Refinance loan

Or are the experienced investors typically seeking to combine steps 1 and 2 into a single loan (e.g. fix-and-flip, or some alternative)?

1) Loan to purchase and rehab the property
2) Refinance loan