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Updated almost 6 years ago,

User Stats

7
Posts
3
Votes
Levi Atterberry
  • Maricopa, AZ
3
Votes |
7
Posts

Financing advice for newbie

Levi Atterberry
  • Maricopa, AZ
Posted

Hey there everyone,

I’m trying to get into real estate investing but I’m having a hard time with financing. I contacted a lender from a large bank and she told me that since I have never owned a property no lender would lend to me for investing. I don’t have money for a down payment but am more than happy to save until I do or work out a deal. So my question is should I save until I can finance a property a more conventional way ( which I’m worried they would tell me the same thing then) or do you know more creative ways I can get financing? Thank you for any advice you have to offer.

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