Updated about 8 years ago on . Most recent reply
Single Family rental
Hello All
I am currently looking to purchase a single family home in NJ to buy and hold as a rental. The property is selling for $185,000. My wife and I have two very good incomes and great credit scores. I would like to use the BRRR strategy and put 0 money down.
What are my finance options? I do not have a private lender so is my best option is a hard money lender?
Thank you in advance for you help
Most Popular Reply
Without experience, it's very difficult to get 100% financing from a hard money lender, unless the deal is a home run. Expect to need 10% - 20% down for your first deal.



