Best Way to Finance Off Market Deals

[Allison Christine]

Happy Monday BP Community! 

I am sooo excited to be getting closer to making my first deal. I am targeting SFH or duplexes (house hack) ideally to BRRRR.
In my market, MLS properties are flying off market over asking price. I have been diligently driving for dollars, noting properties to target and compiling my cold call list.

My question is, because I am searching for an off-market property, what type of financing would be best? When I make the owners an offer, do I need the leverage of having hard money?? Because I am a first time buyer, I was planning to use the FHA loan for the low down payment, but am concerned with that approach when not using a realtor and the MLS.

I also have a family member willing to lend me 30k of there 401K but hesitant to accept. I have 20K saved up to MAKE A MOVE.

Thoughts??? Thanks all!!!