Buy and Hold Finance Strategy

[Miles Stanley]

Hello,

Can anyone discuss what their typical finance approach is to buying, rehabbing and refinancing their B&H houses?

i want to avoid HML and PML if i can (i'm more amenable to PML, but i feel like to need to have a track record in place before i go asking people i know for money). I do have some capital saved up, but i feel like if i pay all cash for the house, i will have none left for repairs.

Has anyone had success with paying cash to purchase, getting a home improvement loan or something similar for repairs, and then cash-out refinancing to pay off the repair loan and pull out all the money invested to rinse-repeat? I know this is BRRRR-esque, but i'm trying to work out the purchase and repair funding. The refi is pretty straightforward.

Thanks,