Creative Financing for a first time home buyer

[Bianca Cadogan]

I'm a new investor with alot of analysis paralysis. I'm ready to get moving and make a deal. I have actively found 3-4 unit properties that I am willing to live in and rent. Luckily, I'm a first time home buyer so there are a lot of great programs out there. The only thing is I've been working so hard on getting my credit to be over 700's but now I have no money for the down payment and closing cost due to paying down credit card debt to avoid interest. I don't have a large 401K or family willing to help. Hard money lenders seem to require alot and the interest rates are ridiculous for a first time investor. What is creative way to get money quickly besides asking broke family members and friends?