Alamogordo , NM · Member since 2017 · 2 posts · 0 votes
I'm looking to jump into real estate investing but I want to find a way to start using little to no money down. Would buying a seller financed house be a good idea to start off ? Then refinance after equity is built? Can someone give me some advice in going this route. And what steps to take . im looking to try the brrr investing strategy
Yes. We recently bought a seller financed package of 10 properties, cleaned them up, rented them out and re-fied with our regular portfolio lender to cover our expense. As we grew equity, we then used the created value to secure a line of credit which we now have available for buying in cash. Keep reading Bigger Pockets. If you search on seller fi (or owner fi) and brrrr I'm sure you will find some great stuff.