Finance Advice

[Cole U.]

Hello BP,

I'm hoping for some friendly advice. I'm looking at a foreclosed SFR in a B to B- area that I am thinking about buying as a rental. The challenge is that it doesn't need any work (seriously, it's spotless), so going the hard money route, renovating, then refinancing with a conventional loan doesn't seem like an option. My wife and I have the cash to throw down for the 20% on a conventional loan, but we would be wiped out after going that route.

Any options that would allow us to move forward without draining our bank account would be ideal.  Help!

[Ben Leybovich]

Originally posted by @Curtis Bidwell:

@Ben Leybovich I agree, an infinity return trumps any %return all day!  I just need to find that guy with an extra $100k... Hey, Ben! Can I pay you 5% in 60 days to use your extra pocket change?  ;)

 Curtis - I would, but I lent all of my money to @Brandon Turner, who, I think, needs it more than you do :)