I am going to have to get creative..

[Robert Kirkley]

Hey everyone! It has been a while since I have posted on the forums, but I have been listening to BP's podcast everyday in addition to reading REI books as often as I can. A lot has changed over the past few weeks and I am continually becoming more determined and motivated to start investing in rental properties.

I just started a new position that I am loving, however, it is only contracted for a year (slight chance it will be funded for a longer period of time) and the pay is minimal.  Due to recent events, my drive time will change from over an hour to only 25 minutes, which will save time, yes!  I have been rereading Brandon Turner's book on how to invest with low/no money and I have also been listening to how investors on the podcasts have used creative financing to fund deals.  

As I continue to educate myself on finding good deals and being creative with my financing, I was curious to know what some of your stories of creative financing are?  By creating a conversation, I feel that it may help me understand a more detailed approach to being creative.  

I want to invest in SFH/residential MFH to start. I would love to house hack my first deal, and being that Central Florida is light on MFH's, it seems that I may need to look for a SFH House Hack. I am keeping my eyes open and will continue to analyze properties. I hope all of you are reaching your goals this year!

[Adrian Smude]

@Robert Kirkley I haven’t done a bank deal in years. I find my deals through the seller by making them payments and private money. Private money is someone you know and trusts you. If you’ve never done a deal I suggest presenting to possible private money what the deal will look like if your offer is accepted. This will build confidence in you in their eyes so when you have an opportunity they are ready. Remember you are offering an opportunity not begging for money. In today’s market there’s a scarcity of places to put money at a good return. Best of luck!