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Updated over 10 years ago,

User Stats

157
Posts
45
Votes
Jennifer Fernéz
  • Investor
  • Reading, PA
45
Votes |
157
Posts

Need help buying a buy and hold property with no money

Jennifer Fernéz
  • Investor
  • Reading, PA
Posted

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!

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