All Forum Posts by: Tyler Roshell

Good advice from @Christopher Phillips, Google would be a great start. Some lenders are now offering programs with assistance too. It also wouldn't hurt to check with a realtor local to the area you're looking to purchase in, as grants can be city and county specific. The terms of the grant will vary as far as the amounts, the do's and don't, and sometimes even the area of the city that the grants qualifies for.

1 Vote

Originally posted by @Jared McCullough:

Originally posted by @CJ M.:

@Tyler Roshell

Family? Friends? HML? IRA? HELOC? Multiple blood and plasma donations?

You forgot sperm....but in reality this pretty much compiles the list of available sources as I have still not found the elusive money tree. If you know anyone with substantial reserves in savings (i.e. I know that seems to be rare these days) try offering them a few grand throw back on the deal to offer better return than a high yield savings. Borrow money for cash transactions, apply for refinance and if all done right you should be done in a few months. This being said make sure you have your ducks in a row so they are not waiting on their money back.

Lol Looks like family and friends are next up!

0 Votes

Originally posted by @CJ M.:

@Tyler Roshell

Family? Friends? HML? IRA? HELOC? Multiple blood and plasma donations?

I don't currently own the home I'm in now and I hit my maximum amount of donations last week.

0 Votes

I have found a home for sale, that I think would be a good first BRRRR project. The problem I'm having is finding funding to get the deal done. The purchase price would be about $30K and it would need about $10k for repairs, mostly cosmetic updates. ARV would be about $75k. I have about $7000 but would to borrow the rest. I have been looking at hard money loans, but they either don't lend on such a small amount or there are about $9k in fees. Anyone have any ideas besides trying to purchase it as an owner occupant and waiting out title seasoning time?

Thanks in advance for any input!

0 Votes

Hey Guys, glad to see some recent activity in the Tuscaloosa section. I'm also a Tuscaloosa native and a 2018 graduate from the Culverhouse College of Business. I'm new to BP and pretty new to real estate as well so I'm a sponge. I'm also a local realtor and would be more than happy to assist you guys anyway that I can.

Roll Tide!!

0 Votes

Tuscaloosa, Alabama

All Forum Posts by: Tyler Roshell

Tyler Roshell has started 1 posts and replied 5 times.

Post: Where do you find housing grants and....?

Post: BRRR Funding for <50k?

Post: BRRR Funding for <50k?

Post: BRRR Funding for <50k?

Post: Multifamily Tuscaloosa Market and looking for partner