Creative financing ideas

[Charles Smith]

Hello all,

How did you learn about creative financing (what are some great resources or tips)? I’ve been struggling on finding any tips on buying a rental property without occupying it, besides the traditional route. I Don’t know if we can get a portfolio loan being we barley have skin in the game.

If anyone is up to grab coffee and discuss strategies please let me know. I am a new newbie investor and would love to network.

[John Woodrich]

I disagree with Joe, in the beginning the only option for some people is hard money lending.  It isn't the cheapest source of financing but it is a way to open the door when there aren't any options.  They also aren't going to finance a deal that is going to lose money so some of the cost relates to the due diligence.  I would connect with @Sean Blomquist if you want to discuss hard money options.  You could also reach out to @Tim Swierczek to discuss any other creative financing options.

That being said - you mention little skin in the game.  Owner occupants have some options but it is hard for an investor to jump in without getting very creative.