However, an easier option would be to use a bridge loan to help with acquisition and rehab financing if the property needs some work.

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

Even in those cases, it’s difficult to create a significant gap between the purchase price, rehab costs, and ARV (After Repair Value).Investing in today’s market is incredibly challenging, and I’ve found that the BRRRR strategy is one of the least effective approaches right now.Let’s keep in mind that BRRRR gained popularity before 2020.

Deal 1: 4 Plex (it's stripped down to studs, a guy ran out of money on the rehab)Purchase price 160k, Rehab 80k, Total all in: 240kExpected Rent: $4,000/month to $4,400/month depending on how quickly we want to rent the units out. 

Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.I have a few references I can give you.

On the flip side, the margins aren’t quite as high as with rehab projects.

Sometimes a deal looks great because the investor doesn't add management costs of either money or the time that it will take to manage the property. 

This will cost you money on the back end.

Non-recommended) do the Cost Seg.

This acronym stands for Buy, Rehab, Rent, Refinance, and Repeat.