Best Method of Financing Rental Properties in Arkansas

[Tyler Emerson]

Hello All! Bottom line up front: What are some of the best ways to finance buying properties in Arkansas if I only currently have a few grand on hand? I am a new investor actively learning anything and everythIng real estate wise. I am going to purchase my first rental property before this coming spring and I‘m curious what might be the best route to take to finance buying rental properties ranging from $50k - $90k, before any repairs or additions are made. BRRRR? Private money/hard money lender? I am looking to first obtain a handful of buy and hold-rental properties starting out. Any advice or shared past experience would be more than appreciated!

[Ray Fisher]

Tyler , the local community banks have worked best for me. I started out with no money down foreclosure deals. That worked, kept doing it. tried other banks, worked there also.  They seem to like the idea i am not taking out money, I have a job and it pays my bills. Everything is reinvest, reinvest.  The hardest part is getting the first one.  after that it becomes easier. The best advice I can give anyone is If the bank says NO! when you walk out look across the street and there will be another one, if not Three.  you will finally find the person who deal with real estate.  Today deals are harder to find that meet my criteria,  than finding financing.