Then we'd make no money at all. 

Originally posted by @Jack Grove:@Okansa Patrick Were you required to utilize a hard money lender when dealing with New Western?

Take a bit of that money and invest in learning - go to meetups and the many events that take place related to investing in the city - some for free and some paid.

This risk is amplified the less money you have attached to the deal.

Making money was a bonus because I live here.How did you find this deal and how did you negotiate it?

Yet RentRedi would bill me anyway and I would have to request this money back. 

That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage. 

When my business partner and I were still flipping we bought a couple through Auction.com and we always used a private money lender to fund those and our other flips. 

I was able to get a private loan which I used to purchase the house then I used my own money to rehab the house.

It’s a strategy that allows investors to acquire rental properties with little to no money out of pocket while building equity along the way.If you're considering using the BRRRR method to grow your real estate portfolio, here's everything you need to know about how it works, its benefits, and potential risks.What is the BRRRR Strategy?