New but not new

[Jake Bolen]

Hello,

I have been listening to the BP podcasts for several months now and signed up at about the same time.  It is hard to believe that I am just now introducing myself.  The amount of knowledge on this site and in the podcasts is astounding and overwhelming.  I have owned a small three bay self serve car wash for three years and enjoy the work and the interaction that I get to have with the guests.  At the end of December I purchased a my first rental fourplex and enjoy taking care of that as well (possibly more).  Currently I am in the process of purchasing a turnkey property in Toledo, OH from Ohio Cash Flow.  The most difficult part of each of these processes has been working with the banks.  Any tips on creative financing would help me out quite a bit.  

[Larry Fried]

@Jake Bolen

Hi and welcome to BP officially! There is lots of info on creative financing here, but with buy and hold SFR and small multis (2-4) conventional bank financing is likely going to be your first and best choice for best terms and maximum leverage. There a pain in the arse, but I don't know of a better alternative.