Creative Financing on our Primary

[Raymond Northcutt]

Hey guys,

I have a general question that could be an investment opportunity for the right private investor.

So my wife and I just moved from Savannah, GA to McCall, Idaho (The most beautiful place in the world!). We have a log cabin under contract in an off-market deal, thanks to an ad we put in the newspaper a few months ago.  It's the absolute perfect starter home for the wife and me, and we couldn't be more excited about it.

The financing is challenging though. Being that I just got out of the Army, I don't have the steady income that I had while we were building our rental portfolio in Savannah. This portfolio allows us to cover all of our monthly expenses without having a normal "job," essentially freeing us from the rat race. It's a beautiful thing.

But, it's tough for the lenders I've spoken with, because they want to see a longer portfolio history. I may have to go the private money route, and that's perfectly fine with me. The wife and I are eager to get into this house, and we're willing to do what it takes!

Any ideas for creative financing or private lending? I don't believe seller financing is an option, as the sellers have almost no equity in the home.

Thank you!

Ray