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Updated over 6 years ago,
Buying my first deal
Hey everyone, I have been saving to buy my first multifamily home. Initially I wanted to do the 203K FHA loan, buy and fix and gain instant equity. But recently my Son needed a procedure done which used up all of our savings and then some. With our lease being up in about 10 months we really want to buy our first rental property rather to sign another lease. I was wondering if we go the hard money loan to buy and rehab then refinance,the "BRRRR strategy". How much skin in the game will we need for being first timers.