All Forum Posts by: Matt DeBoth

You could ask the bank to do an ARV loan on the house and depending on your numbers you could get 100% financed to purchase and do the repairs. Example: I bought a house for $35k. ARV was $154k. The house needed $65k in repairs. All in I was at $100k. The bank that I use for most of my deals loaned me the full amount with no payments for 12 months. The house is under contract for $165k right now. This is a rare example but it is possible.

If your not wanting to do "house hacking" try doing something like the "BRRRR" strategy. Sweat equity is the easiest way to get equity if you don't have a lot of cash. Finding something that is turnkey and has enough equity in it for you to refi to buy another property isn't very common but they're out there.