Loan for 0 down

[Stephen Torti]

Hey, Providence / Rhode Island / Massachusetts REI!

Looking for a little advice, my partner and I have our outlined plan for the start of 2017 below but we ran into a road-block.  

1. I will qualify for a good traditional mortgage in February and will be buying a 3 unit so I'm saving my money for the down-payment on that.

2. We came across a very low-cost SFR that we could pick up before the 1st of the year and the plan was to have my partner get a Ocean State Grad-grant to go in with $0 out of pocket, get a loan for repairs and BRRR it. My partner would live in it while we're fixing it up to save on holding costs.

3.  Problem:  Looks like the OS Grad Grant is no longer valid.  Is there another way to go about this to go in with $0 out of pocket?  

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Financing

Hard Money

Investing

House-Hacking