Creative Real Estate Financing
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Updated over 7 years ago,
The creative financing trap .
I see a ton of post about not having enough money to start investing so they need creative financing tips. So many beginners do not act because they are spending time figuring out how to finance with little to no money down. This is a shame and as you will read on this site many seasoned investors give the proper advice but it seems no one listens! I am sure you have heard experts say things like:
- Tell everyone what you are doing and what types of properties you are looking for, Do not be embarrassed or shy about REI.
- Take action and look at properties and get out there, do not plan your life away and hide behind "the planning stage"
The general idea here is that you need to get out and let the world know what you are doing and the world will respond and THEN and only THEN you will have opportunities arise that can be closed on in creative methods. For someone starting off I think the three easiest and most obtainable ways to creatively finance are
- low down payment owner financing
- finding a partner that will be active in the business with you
- find a 1st series of investors (friends family) who will be silent partners
Just keep it simple and take action !