Funding for homes less than 100K
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?