How can i get my first rental property with no cash or credit

[Anthony Kondor]

I'm a wholesaler and I have a deal where i got a great price on a  single family house 22k, and I already have a tenant who wants to rent it out section 8, how can i purchase this property with no cash or credit and have it rented, any creative financial strategies!

[Ned Carey]

Perhaps a private lender - friends family or associates would loan the money. Another simple way is to just ask the owner if you can pay him over time.  Tell him you could even pay him more money if you pay over time (ie: interest)

One question is why do you want to? If you have no cash, buying a rental is a big risk. You need cash reserves to hold rentals unless everything goes perfectly.