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Updated over 3 years ago,

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Noah Joseph Armstrong
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BRRRR Help With First Property

Posted

Over the last year or so, I have been soaking everything I can in real estate. I found a 4 bed, 2 bath house for sale in my hometown FSBO for $45k. I am confident I can get it even lower. That being said, I have not yet seen it, so I am not sure what it really needs at this time. I have 13-18k to spend on downpayment and rehab without taking out a loan.

What is recommended for getting finance help on BRRRR methods? All my lenders around here seem to be very strict on what they will give. Could I theoretically go conventional for more than asking and use the extra to reno?

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