Options to finance in this situation?

[Jorge Quintero]

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?

[Jason Lavender]

You could always check into a personal loan. With good credit you can get a pretty good rate and enough to use as down payment or fund an inexpensive deal. Discover Personal loans are good.