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Updated about 5 years ago,

User Stats

60
Posts
10
Votes
Brya Freeland
  • Rental Property Investor
  • Alexandria, VA
10
Votes |
60
Posts

Newbie with primary residence but want first investment property

Brya Freeland
  • Rental Property Investor
  • Alexandria, VA
Posted

BiggerPockets Community - I have a situation I need some advice on.

So I currently own a condo which I purchased with conventional financing and I am looking to purchase my first investment property in the Washington, DC area.

Since I am focusing on the Buy and Hold method, I thought utilizing the BRRRR method would be my best option which would have me focusing on cash purchases. However, even though I have some savings put aside, I don't know if I would have enough to buy homes in the SouthEast DC area all cash.

Can anyone recommend additional financing options outside of conventional that could help in purchasing properties without putting 20% - 25% down upfront in order to save money for rehab costs?

Thank you

- Brya

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