Unique loan options or funding thoughts...

[Skye Penland]

Hello everyone! 

My wife and I are looking at picking up our 4th property and 5th door. We are actively saving for a 20% down payment to purchase a duplex (ideally) for STR and LTR... ie 1/2 and 1/2!! Anyway.. aside from the BRRRR for for a fix and hold using hard money or saving over the next 8-12 mos for 20% down I was wondering if anyone put their knows of an investors who would be interested in the below OR who have done what I am suggesting...

I am a 70% disabled vet and would like to put the 1500 I make a month towards an investment property as opposed to my savings... my thought was to talk to an investor about loaning me 100k at 15% for 12mos while we purchase/fix/flip etc etc.. and refi at 12 mos to pay back investors money. Obviously we wouldn’t buy a home valued at 100k... we would find a home that fit the numbers so we could refi at 75% and would be valued enough to repay the investor. But does this sound like a good way to approach an investor? We have an area in mind and and a great understanding of potential rental income and occupancy rates/avg nightly rates for the investment. We are hungry.... and would rather get it instead of waiting for 8-12 mos.