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Updated over 10 years ago,
Need help buying a buy and hold property with no money
Hi, I'm trying to find out information for buying a small multi unit property. I have a savings account with about 5k in it, which is not enough to pay for 25% down plus repairs. I'm looking at properties in the $40,000-$100,000 range. What is a good way to go about buying properties if you do not have a lot of money? Is it possible to get a hard money loan to use as a down payment for a traditional 30 year loan? Also, what is the best way to go about renovations with very little money?
Any suggestions would be greatly appreciated. Thanks!