All Forum Posts by: Caleb Arrison

I've been looking to join a REI meet up for awhile now to make some new connections, so this seems like a great opportunity! See you there.

Hello everyone, I'm trying to figure out the financials of having an investor help pay for my downpayment on a rental property, or possibly using a HELOC for the downpayment. I can't think of a good way to work that into the NOI without coming way down on the asking price of the house. Can someone explain to me how this works?

Hey BP! I'm searching for any advice I can get on creative financing. I've been trying to put some deals together over the last couple years but just can't seem to get very far with them since I don't have a lot of money. The deal that I'm currently looking into now is a duplex listed for 99,000. My problem I keep running into is coming up with a creative way to get the money. I don't have a lot of money saved up. I can't borrow against my 401k because there's not enough in there. I own my own house but I've only had it for about 2 years so I don't think I have enough equity for a HELOC or home loan. I don't know enough about seller/owner financing to feel comfortable making an offer like that, but I would love to use that strategy because it seems like the only viable option at this point. Are there any good step-by-step guides out there on this subject? If anyone knows of any other options that might be good I'm all ears! At this point I feel like my best option is just to keep saving my money and eventually just put a down payment on a property. I'm just tired of waiting and I'm getting impatient. If someone has any advice or could point me in the right direction that would be helpful. Thanks!