Creative financing when you can’t get a traditional loan

[Amy Ng]

I was wondering if anyone can give some advice using creative financing for purchasing my first investment property. I am unable to attain a traditional loan because I had two mortgage delinquency in June/July of last year. I am looking at different ways I can finance this investment property. I was considering utilizing a HELOC with equity from my primary home but not sure if HELOC also follows the same policy from Fannie Mae. So I was wondering if you had any advice to some creative financing for this property.