How to get Funding for BRRRR abd Fix and Flips

[Ramiro Rodriguez]

Any advice on how to get funding for someone who doesn’t have a “rich uncle” or much money saved up for a significant investment? How does this process work?

What are the various types of loans that one could use to buy fix and flip a home? Do I need a large down payment for these types of loans?

Do I need a great credit score?

Looking to start in the Austin/San Antonio market(s). Any advice would be greatly appreciated.

[Jason D.]

@Ramiro Rodriguez if you dont have friends and family to get a private loan, a hard money loan is probably the next step. It does require a fair amount of cash, but most will work with below average credit (600+).

Some hard money lenders will allow a borrowed downpayment, so you could get a personal loan to cover the gap, and be out of pocket for much less.