Responsible Spending Advice

[Brooke VeltKamp]

I do not have personal capital at the moment. I do have a lender with terms $30k at 30yrs at 2%. My inclination is to use it as a down payment on a SFH Brrrr. I would buy a turnkey or cosmetic rehab with built-in equity and then refinance at 80% LTV and pay back the original $30k. Is there a better way to use this money to my advantage? Thanks