Could i get a rental property with little money?

[Devin Mann]

I am not able to take out a loan through the bank. Was thinking about getting a rental property so i can start receiving some extra income. Do sellers ever owner finance 100% of the deal? can i mix HML lenders and do owner financing as well? any creative ways to do this?

[Mike Sedlacek]

I have most often purchased owner Finance income properties with little down out of pocket. Right now I'm looking at a 2 family REO for $22,000 cash required. I have a private lending source for a 5 years amortized loan of LTV 80%. The 20% I can get an unsecured personal loan from a money broker in our town. However I will go for an $8,000 loan to cover expenses and any repairs needed to take care of any tenant complaints the day after I take possession. Some ideas for you.