Hard Money Lending & Refinancing

[Matt Koury]

Hi Guys

I'm a newbie and I'm confused with regards to the BRRRR strategy. If I'm looking for financing, do I use hard money to purchase a home, complete rehabs etc and then refinance using the bank's loan and to pay back my HML? Or can I get a mortgage, use hard money for my down payment, rehab costs etc and then refinance that mortgage to recover costs and pay back my lender?

Any help would be appreciated! 

[Stanley Parsley]

I use hard money to close and rehab the property

get a great appraisal then shop for the best terms on the refi

enjoy