Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

What is your finance mechanism and terms?  

As for financing, make sure to explore options for using rental income to qualify, and be prepared for a 20% down payment.

Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.

Don’t overlook the 10% down second home occupancy loan for financing a property like this.  

Did you finance out of the one you kept?

Alternatives include seller financing, a lease option, or using an LLC or trust to structure the deal while maintaining tax benefits.

Unless your team can put in 10% of the total money raised, you will have trouble obtaining financing. 

How did you finance this deal?

I have the money to buy now but I would rather do creative financing and use as little money as possible out of my own pocket. looking to start with BRRR method but maybe should start with a wholesale first to fund that?