Looking for the best financing for my first rental property.

[Joseph Fenner]

I'm looking to invest in my first long-term rental property using the BRRRR method but I am trying to find the best financing options for me. I was originally looking at conventional loans from banks but after researching it will be slow and they don't like investing in rental properties because of the risk and it does a hard credit inquiry every time which will effect my eligibility.

I was looking at hard money loans because they are faster to obtain but they are for short-term rentals and I need something for long-term rentals. Any suggestions?

My goal is I want to buy 200 properties in 5 years(separate business plan) and build even bigger after until I have the biggest real estate empire. I need to become a millionaire in my 20s it’s a requirement and I need to buy my first rental property at age 20 which I just turned 20 so I have less than 1 year to acquire my first property, it’s a non negotiable. I want to get to a point where I am buying properties every day across the world. 

But my first goal is to buy my first duplex and rent it out this year it cannot be later, like I mentioned it's a requirement for me. I will be traveling across the US to a better housing market, I have access to the MLS for every state which is cheaper than hiring a realtor and will make my journey better and faster.

Also I have no income I live on disability and invest that into stocks, I worked a few months in IT and saved everything and quit so I could buy time. My credit score is 765 and I have the best credit history never missing a payment which will help me and my investments.

Where can I find an investor to give me $50,000 to show the lender I have income and a down payment? Also for travel expenses.

What are the best financing options for my situation?

Thank you,