Best loan for a person with no money to start a business?

[Brendon Grover]

Good day to all! I have been researching REI and am serious in getting started. I have been a member of BP for about a week now and love getting online everyday to read stories and advice from other people. I am not really sure what type of loan would be best for me to start flipping houses, (which is my main goal). Any and all advice and/or experiences would be greatly appreciated! Thank you

[Patrick Donovan]

You should look into the BRRRR method. Instead of moving into an apartment and paying rent, buy a multi family home such as a duplex or triplex. Move in. rehab it, refinance it, repeat! That way you have somewhere to live without paying rent. If you choose this method you could look into and 203k loan. which if I am not mistaken you can buy a property with a low down payment and the bank can loan you money for the rehab as well. like I said you'll have to do more research into it but it would be better than paying rent that you'll never get back !