💡 How Can We Buy This Turnkey Rental With 0% or Minimal Down? (Hard Money + DSCR Ref

[Eduardo Cambil]

Hey BiggerPockets community!

My business partner Rudy (US citizen & Texas resident) and I (non-US resident based in Europe) are buying through our LLCs registered in Texas.

We’ve got a turnkey property under contract for $58K, already rented at $1,890/month with Section 8 Tenants, and appraised at $67K. The plan is:

1. Close with a hard money loan—interest-only, 6–12 months.

2. Then refinance into a DSCR loan once we season it or get a new appraisal up to $75K, allowing us to ideally cash-out or at least refinance the full amount.

Here’s our challenge:
We want to put as little money down as possible—ideally 0%—or structure it creatively with gap funding, seller-held second, or any other method that makes sense.

Our Questions:

✅ Has anyone pulled off a hard money loan with 0% or minimal down on a deal like this?
✅ Any lenders (preferably familiar with Texas) willing to fund the full purchase or with creative terms?
✅ Any gap lenders or strategies you've used to plug the down payment temporarily until the DSCR refinance?
✅ What obstacles should we expect when refinancing from a hard money loan into a DSCR loan if one partner is a foreign national?

This is a strong deal in terms of cash flow and equity. We just want to maximize leverage, move fast, and recycle capital.

If you've done similar deals or know hard/private lenders comfortable with this kind of setup, we’d love recommendations. Open to partnerships or creative structures too.

Thanks in advance for the help! 🙌

[Mike Grudzien]

I wish you good luck on this project.
But most lenders need the borrower to have some "skin in the game",
And a higher dollar amount project.