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Updated about 4 years ago on . Most recent reply

User Stats

139
Posts
103
Votes
Joel Calkins
  • Real Estate Agent
103
Votes |
139
Posts

Creative financing tips?

Joel Calkins
  • Real Estate Agent
Posted

I'm only 18 and have virtually no access to a loan nor can I afford the interest of a hard money lender. What did you use to gather capital to close a deal?

Most Popular Reply

User Stats

74
Posts
57
Votes
Hunter Vigneault
  • Real Estate Agent
  • Boca Raton, FL
57
Votes |
74
Posts
Hunter Vigneault
  • Real Estate Agent
  • Boca Raton, FL
Replied

It is advice you will find in a lot of posts (because I think it's good advice) - find a small multifamily (or a large single family) and househack it. It is how I started - buying the cheapest house on the market at the time and using a 203k to rehab it and then rent out the other unit. If done right - or close to right - the savings on your living expenses and the mortgage paydown will put you on a good path and provide the landlord and handyman experience you will need.

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