Creative Financing--Seeking Advice/Stories

[Kalvin Seidl]

Hello BP community,

I am looking to complete my first deal within the next 3 months in the Saint Paul, MN area. I have found a few properties I would like to purchase to buy-and-hold. I have my eyes on two duplexes and three SFH. To start, I want to pick just one. The low-end price of my wishlist is $240K and the high end will be $310K

My problem is, I work a base + commission job, where I don't have a long enough commission history and my base (guaranteed) salary isn't high enough for a conventional or FHA loan. What are my options to follow through with a deal, even though I cannot get a mortgage? I hear about "creative financing" options but don't know where to start.

I am open to hearing advice or success stories on how people secured financing from similar siutations. Looking forward to hearing replies!