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Updated over 4 years ago,

User Stats

43
Posts
19
Votes
James H Webb III
Pro Member
  • Rental Property Investor
  • Columbia, TN
19
Votes |
43
Posts

How do I purchase with little money down using Hard Money?

James H Webb III
Pro Member
  • Rental Property Investor
  • Columbia, TN
Posted

I just had a deal fall into my lap, however it fell before I was prepared to purchase! I looked into hard money lending to purchase this property as a BRRRR. The price is 105,000 the rehab is 40,000 and the hard money lender agreed to fund the rehab and purchase as long as I could put $38,000 down. Here is the issue....I only have $15,000 to comfortable put down. Does anyone know of a way to get hard money lending down payments decreased? Or any other way to creatively finance a BRRR property with limited down payment!? Thanks in advance and happy investing!

  • James H Webb III
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