There are a few ways to get the deals that make BRRRR work, and one of them is called “creative financing.” This means you can buy an investment property using less cash than what it would usually cost. One way this happens is if the seller will carry or finance part of your purchase price-meaning they’ll provide some amount up front (such as 20% off) in exchange for being paid back with interest over time with monthly payments often made by automatic withdrawal from their bank account. For example, let’s say you find a house on sale for $200K but it needs repairs worth $25K before any buyer could move into it. The owner may be willing to sell the home at its current market value ($175K) for a price that includes a number of your repairs ($25K) in order to get the property off their hands faster.
