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Updated over 3 years ago on . Most recent reply

User Stats

43
Posts
13
Votes
Demetrius Ward
  • Rental Property Investor
  • Oklahoma City, OK
13
Votes |
43
Posts

Creative finance ideas

Demetrius Ward
  • Rental Property Investor
  • Oklahoma City, OK
Posted

Hello bp fam, I’m getting closer to buying my first property. I’ve been educating myself and saving money. I have about 10k saved and I just got approved from a local bank for a line of credit for 10k. I have good credit 700+  My first property will be my primary residence initially until I move or and turn it into my first investment property. I’m really into the creative financing strategies I’ve learned here on bigger pockets. With my current savings and credit line what are some ways I can finance a deal? I know I can go the conventional route. But that will only last for a limited number of properties. Might as well get used to creatively financing deals now. 

Most Popular Reply

User Stats

1,221
Posts
689
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Jeffrey Donis
  • Investor
  • Durham, NC
689
Votes |
1,221
Posts
Jeffrey Donis
  • Investor
  • Durham, NC
Replied

@Demetrius Ward I'd encourage you to learn and employ creative financing strategies, like subject to and seller financing. Once you do, you can focus on acquiring properties with those strategies and not even need to go through a bank for traditional financing. 

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