All Forum Posts by: Matt Smith

@Ryan Blake thank you! That makes sense, I emailed you a couple of follow up questions. Appreciate the help!

Thank you everyone, this makes sense! It sounds like for the BRRRR strategy to be possible with no money down to start, I will need an investor to cover down payment. I have thought about cash-out refinancing one of my multifamily properties to get more capital to cover, but don't want to do that right now with interest rates so high. If anyone has a good way to go about finding investment partners, I would love to hear it!!

Totally understand, I’m more asking if that is even a viable option if I’m looking to put little/no money down. Or would it be better to find a partner to cover down payment? Mainly Illinois, Wisconsin, and Indiana. Thanks!

Hi Jaycee,

Thank you! Honestly, I have looked at quite a few deals, but then wanted to get financing options squared away first. For the multifamily properties, I used seller financing to cover the down payment. Any BRRRR options I have been interested in are between $100,000 - $150,000 purchase price, approx. $35k - $50k rehab costs, and ARV around $225K - $275K. My apologies I don't have more exact numbers since I'm not speaking to an exact deal. I am more interested in how best to start in the BRRRR process while putting little money down. Thanks!

Hi everyone, I have 2 multifamily properties, but am looking to invest in a BRRR single family home. I don't have a big enough down payment to get into one myself, so looking into a HML. My problem is, I'm not sure how to find a good HML vs a scam/bad one. 1) is this a good idea? 2) how do you go about vetting through Hard Money Lenders? 3) Do you know of any other "no down payment" solutions? Thanks and appreciate the help!