Financing Options: With 20K, how should I approach financing?

Things like:🚫 “I need seller financing.

Researched the area , contacted local team through biggerpockets How did you finance this deal?

Which is not easy for possible for many people (like your husband).Once you really know what to do, the risk level drastically reduces.

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

Conversation in local Bar, say I would pay all CASH How did you finance this deal?

My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.

Many investors are adjusting by using more cash or creative financing strategies to maintain profitability.Renovation Costs: While labor and material costs have somewhat stabilized, smart budgeting and working with reliable contractors are still crucial for keeping timelines and profits in check.How has your strategy changed for those currently flipping in Phoenix?