BRRRR With Hard Money

[Timothy Dail]

Hello, I'm 24 years old and a college graduate that is looking to get into real estate investing. I specifically want to get into buy and hold investing and I want to implement the BRRRR strategy. I have great credit, no debt other than my mortgage, and some in savings but not nearly enough to cover a BRRRR. I am looking into using a hard money loan to fund the deal.

First of all - Is this a good idea for a new investor? 

Secondly - From my understanding once I cash out refi and pay back the hard money lender plus the interest I would be back to square one correct? I would have to take our another hard money loan to fund the second deal right? Or am I missing something? 

Any thoughts or advice would be greatly appreciated. Thank you.