you can use hard money to buy a BRRRR - will still require a down payment - and then refinance. 

In 2019 I purchased a Duplex in New Orleans for $219,000, I was able to refinance during Covid to a 3% interest rate.

But also with low debt or free and clear property that they can easily access any time in the future with a cash out refinance.

What would you say to the first time investor looking to buy, rehab, rent, and refinance in Dallas?

We looked at a couple different options as far as % downpayment and I figured I would refinance in the near future to help the payment get down lower.

I'd start the refinance process right away, or just pay it off, or sell. 

Managing maintenance requests and working with property managers can be tricky, but it’s great that you’re taking steps to refine the process and educate yourself.

Quote from @Eric Fernwood: Hello @Catherine Javier,This is a common question, Whether to keep, refinance, 1031, or sell.

You will then naturally refine your approach as you get feedback from results.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.