Financing a BRRR deal

[Ryan Allison]

Looking for some insight from BRRRR investors... who have you been using for the initial loan (the initial purchase & rehab portion of the project) prior to refinancing? Unfortunately I can not do a 203K, it has to be non-occupied. I realize a lot of this is location depedent, but anybody have any good recommendations?

Hard money obviously is an option but I would like to avoid the high interest, albeit the positive being only having to make interest only payments.  I'm leaning towards conventional purchase & doing the construction out of pocket prior to refinancing down the road, but I'm trying to find the cheapest way to get this intial loan done.  Do people typically use the same bank for both loans?  

Thanks,