Actually Youngstown area

[Marshall C. Call II]

Hi folks. Sorta new to investing and sorta new to BP. Does anyone have advice on financing? I am 2 conventional bank loans in and I don't mind doing it this way. The problem is the 25% down payment. Even on a $30k house, I need $7500 plus escrow and $10k-$20k for rehab. The bank is charging points as well just to get 8+% on the loan. Any thoughts on more creative financing other than taking money out of my personal house? I don't know any private lenders and hard money makes me nervous since I'm a buy and hold guy and the payback isn't as cut and dry as it is on a fix and flip. Appreciate any input and I'm glad to be part of the BP community!