Loan for 0 down
Hey, Providence / Rhode Island / Massachusetts REI!
Looking for a little advice, my partner and I have our outlined plan for the start of 2017 below but we ran into a road-block.
1. I will qualify for a good traditional mortgage in February and will be buying a 3 unit so I'm saving my money for the down-payment on that.
2. We came across a very low-cost SFR that we could pick up before the 1st of the year and the plan was to have my partner get a Ocean State Grad-grant to go in with $0 out of pocket, get a loan for repairs and BRRR it. My partner would live in it while we're fixing it up to save on holding costs.
3. Problem: Looks like the OS Grad Grant is no longer valid. Is there another way to go about this to go in with $0 out of pocket?
Tags:
Financing
Hard Money
Investing
House-Hacking