New Investor, little money, in need of help.

[Victoria Woodley]

My husband and I have no shortage of deals we have found in our market. Our problem is finding ones we are able to finance. We have become extremely creative, and have narrowed our search down to a triplex fixer upper that we would house hack. The problem is it seems a bigger beast than we have the initial money for. We would probably be able to finance the initial purchase, but would need to have the two units we are not living in cash flowing ASAP. As far as we can see it will need LBP remediation (in Alabama you can seal it and paint over it) so probably $6k in total for both units to be rented, and an air system in place. Ductless will be about $8k for both units. Everything else we could and would do ourselves (floors need tlc along with some deep cleaning). My question is, would anyone be interested in potentially backing the renovations? We would exhaust a majority of our loan initially obtaining the property with probably only about $5k left for renovations depending on how negotiations go. The two units should cash flow at about $650-$700 a piece. Also, if you’re looking for deals in Alabama feel free to reach out.