My First Attempt at Creative Investing

[Jason Rodriguez]

Hello BP. I am a "would be" REI looking for creative ways to jumpstart my first deal. My overarching goal is primarily a buy and hold strategy. However, I have the same limitation as other would be investors(low cash).

So I'd like to ask both the vets and the rookies... If you were faced with the following scenario, how would you use it to gain your first deal(s). Please feel free to either criticize my idea for reasons I have not yet considered. Or, give me your idea on a better approach. 

Thanks in advance!

[Jason Rodriguez]

Hey thanks for the reply Brandon Turner. I feel like I'm talking with a celeb. Haha. Anyways, I think selling his home has some advantages as well. Mainly not tying up one of my 4 conventional loans that I'm able to get. 

I realize that I could always  go for other types of financing. But right out of the gate as a newbie, I feel like it's the easiest route for my given circumstances.

I would rather have 4 GREAT deals than mediocre deals that I don't have enough equity to pull a decent portfolio loan from. Since I would want to buy my dads house at the max price to free up the most cash for other deals. I'd end up with a property that barely breaks even vs a property w gobs of equity and a healthy cash flow.