Updated over 13 years ago on . Most recent reply
Just Starting!
I bought my first rental 3 years ago. It wasn't a great deal at all. It's a condo in northern VA. It's not bad, but probably wasn't the right move. I dropped $50k for a 25% DP in order to get a conventional loan.
I thought maybe I could use a hard money lender to make future distressed purposes, put a bit in for repairs and then refinance and hold the property as a rental w/out pulling much, if any from my own funds. Is this not possible anymore? Is there a way to purchase buy-and-holds w/out tying up my savings account in todays market?