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Updated over 9 years ago,
Creative financing
Hello all,
I am currently in the RE market to purchase my first property.
I am interested in a duplex/triplex to live-in rehab while renting out units.
My main obstacle I have crossed would be as a college student, I work unconventional jobs, not proving much income at all.
I do have money for down payments and I am currently attempting to wholesale distressed/vacant homes in my nearby area.
My main question to BP would be what are ways I could finance to help me reach my goal of obtaining a duplex/triplex?
I understand owner-financing but that is not always a likely choice. Is their any loans such as a 203k loan where one can obtain with proving little income? Or use potential rent gained to factor into the loan?
Thank you BP community for any advice you have to offer!
Justin