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Updated 8 days ago on . Most recent reply

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Steve Linn
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New Investor with Low Cash Reserves

Steve Linn
Posted

Hi everyone, I listen to real estate podcasts, have read BiggerPockets for years, but never signed up. I finally made the jump to participate. I work 9-5, but I'm trying to jump into flipping so I can break free. My brother is a divorce attorney, so I do have access to great leads that I keep hearing from him, but I don't have enough cash to close on anything meaningful. How did you all get started? Fix and flip lenders won't help, because I can't afford the 10%-15% on $300k properties. Are gap lenders a real thing? Should I not touch anything until I have enough funds for a down payment. Are 100% lenders real or a scam? Is BRRRR even possible for me, or is that for people with more cash down the road?

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