💯 hard money lenders a myth?

[Chance Brookins]

Hey BP family !

So I’m currently in Dover Delaware and I’m currently in a leash till the end of this year and I don’t want to wait till the end to start investing.

So I believe the BRRRR method is the best for me right now , I have a couple of great deals but I just can't find a lender with 💯 financing . And I don't have 13k for a 10% down payment (that'll take me a while to be able to save up). So should I keep grinding and looking for a hard money lender or should I try looking for a different strategy? Sn no one from my friends or family has the money to lend me.

[Matthew Porcaro]

@Chance Brookins

Look into 203k loans more. You can purchase distressed properties with only 3.5% down. You need to live there for at least a year.

I’d look for small multifamily, and live in one unit and rent the others. That’s what I did on my first deal.

I’ve since moved out and rent both of those units. I also have $130k of equity in the property, which I use to buy more rentals.