Ways to fund 20-20% down on out-of-state investment?

[Theodor Morgan]

Hello!

I'm looking for some ideas and feedback on ways to fund the 20-25% down payment that is being required by the lender I am currently working with.

Quick background: off-market property, asking 140k, comps are selling 200-250k (from what I've found at least, I'm still new), planning on cash out refi or just plain refi within 1 year once its rehabbed and rented (BRRR time!).

First, should I find a different lender that requires less down payment? Unfortunately can't make this my primary, and apparently even second home rates are crazy now.

Second, if I do 20-25%, what are some ideas to get that capital? Find partner who I'd buy out within 1-2 years with set terms? Or something with the current owner offering seller financing until the refi?

Any and all advice and assistance is greatly appreciated!

Thanks in advance!