Looking to get started in MA

[Adam Hedio]

I am looking to get started in real estate investing in the North Shore area.  I have a good idea of what the market looks like, the only thing that is holding me back is financing.  I don't have enough savings to get started just yet but my question is any tips on finding mortgages that will best suit a new investor.  I have owned property before so any new homebuyer deals will not apply to me and it will not be an owner occupied.  Any tips or help looking in the right places for mortgages or any other options would be greatly appreciated.  Thank you!

[Lydia S.]

@Adam Hedio

Hello Adam,  I'm not sure if you've spent much time researching on BP yet, though I believe you will find some answers here.  

The things that come to mind for you to consider are bird-dogging (finding deals for other investors for a little referral fee), to help raise capital and essentially build upon your network.  

Also learn about hard money lending and how you can use their services rather than banks if you're concerned about qualifying -l couldn't quite tell whether your concern with mortgages was only due to lack of down payment funds or something else, nor whether you plan to rehab/sell versus buy/hold.

If you aren't going to owner occupy, you can't do 203K or FHA, but could consider Homestyle loans, seller financing, lease options, conventional loans, partnerships, private lenders, and hard money as mentioned.

Good luck!