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Updated about 7 years ago,
Options to finance in this situation?
Hey, all! I’m starting to analyze deals on single family properties and after I put in all the estimates for the expenses, I play a little around with the offer price to get a good ROI. However, one of my concerns is what kind of price I should be using for my offers. I don’t have much money saved up to invest out of pocket (only a couple thousand) but I want to start investing as soon as I can. I know the BRRRR method may work for me, but the houses I’ve been analyzing don’t need much rehab so the price is close to the market value. In my analysis I offer about 75% of the purchase price assuming that I could get a loan from a HML to cover the down payment and loan and then refinance it later through a bank. Are there other financial options I should consider?