Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago on . Most recent reply

User Stats

36
Posts
7
Votes

How does everyone feel about using gap funding as a buy and hold investor?

Mohammed Milord
Posted

I am thinking about using gap funding for the down payment on my first rental property as a buy-and-hold investor. I don't have any money saved up but don't want that to hold me back from getting started in real estate investing. I want to ideally find an off-market single-family property as my first deal using g this strategy. Would that negatively impact my ROI? I'm not interested in seller financing as an alternative because I'm an introvert and not very good at sales. Is this a wise move? Is this strategy even possible???

Most Popular Reply

User Stats

2,801
Posts
4,990
Votes
Steve K.
  • Realtor
  • Boulder, CO
4,990
Votes |
2,801
Posts
Steve K.
  • Realtor
  • Boulder, CO
Replied

There are strategies to get started with no money, that gurus like to sell, but I would wait until you have a down payment saved up as well as cash reserves to handle anything that comes up before investing. Owning property can be expensive and not having cash on hand to deal with situations that come up can put you in a really bad situation. 

Loading replies...