Best creative financing methods for first deal?

[Robert Malcolm]

Hello,

Like many others I am searching for my first investment property (SFR or 2-10 units). I don't have much in the way of equity but continue to save to buy my first property, I have great credit and a DSCR lender who is willing to lend to me, but I am missing the equity for the deals. How have you seen others (or yourself) go about making their first acquisition with little to no equity? I am aware of seller financing and am working on that, but I was curious to know if anyone has taken a different creative route that I am not thinking of. I understand there is no magic bullet and am not seeking one, just curious. Thanks!

[Account Closed]

Quote from @Robert Malcolm:

Hello,

Like many others I am searching for my first investment property (SFR or 2-10 units). I don't have much in the way of equity but continue to save to buy my first property, I have great credit and a DSCR lender who is willing to lend to me, but I am missing the equity for the deals. How have you seen others (or yourself) go about making their first acquisition with little to no equity? I am aware of seller financing and am working on that, but I was curious to know if anyone has taken a different creative route that I am not thinking of. I understand there is no magic bullet and am not seeking one, just curious. Thanks!

We always teach Lease Options first because they are the easiest and safest. Locating, marketing and negotiating the deal, understanding the underwriting, using escrow and title, and all of the basics are used so that it prepares for the more complicated techniques. It's like learning to ride a bike, first you introduce the basics, learn how the breaks work, learn to steer, and how to peddle. You don't start your learning at the top of a hill headed into a busy intersection. You start in a playground.