How should I finance my first deal

[Jens Nielsen]

Hi,

I'm under contract to purchase my first deal, a 4-plex in Albuquerque, NM for $117K. It probably needs about $30K in rehab.

I have my own cash to purchase and rehab the property, and then I can do a cash out refinance in 6+ months. Essentially this would follow the BRRRR strategy.

I don't feel that I should go out and get investors for my first deal, I need to get some experience first.

I could perhaps do some other financing types, like purchase with cash and get a HELOC for the rehap to preserve some of my cash.

What would other members suggest?