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Updated over 3 years ago,

User Stats

13
Posts
2
Votes
Hunter Jones
2
Votes |
13
Posts

Funding for homes less than 100K

Hunter Jones
Posted

Good evening BP fam,

I have come across 2 deals in my area, both less than 100K combined. One will be a BRRRR and the other is a buy and hold rental near a college. I am looking at financing options so that I don't have to tie up my cash, and I really dont want to do one deal at a time with the bank, plus I would like faster funding.

Deal 1- BRRRR, 20K for the house, 12K for reno, 50K Value

Deal 2- Buy/Hold- 2/1 central heat and air....32K

I could pay cash, but why? What options are there to purchase both at one time rather than go the bank route?

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