You need to find short-term purchase and rehab financing (i.e. hard money or private lender) to acquire and improve the property.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

(a) A person may acquire an option or an interest in a contract to purchase real property and then sell or offer to sell the option or assign or offer to assign the contract without holding a license issued under this chapter if the person: (1) does not use the option or contract to purchase to engage in real estate brokerage; and (2) discloses in writing the nature of the equitable interest to any seller or potential buyer.

My current focus is on acquiring a multi-family as rental property and I’m open to any advice or recommendations for beginners.

Along my journey to understand how to acquire my first property, I have encountered people that swear it’s possible to use other people’s money (for down payment, closing cost, rehabs etc) but on the other hand I have investors of 20,30,40+ years who think I am absolutely nuts for even thinking it’s real & make it very clear that I am an idiot for ever believing such a thing and will 100% need to come up with my own funds.

Hey there,I am looking to start acquiring rental properties in Indianapolis and wanted some feedback on where I should/shouldn't be looking and any other advice that might be useful.

I’m also a licensed real estate broker in NC, though I’m not currently active with any brokerage as I’m focused on acquiring my first small multifamily property in south-central NC using creative financing options like owner financing.I’m definitely interested in the Pinehurst, Sanford, and Fayetteville areas, and would love to connect and chat further!

I'm new to BP and trying to build a team as I dive into more frequent and long-term profitable REI.I've been doing SFH rentals over the last 15-18 years, but it's all been very traditionally financed (ho hum, 30 yr fixed) and as such has limited my ability to invest more frequently, and grow a portfolio.I'm here to learn how to use more creative financing strategies (private money lending, Sub-to, seller financing) to acquire 2-3 units (duplexes, tri) and 5+ multifamily properties. 

I'm looking to acquire a fully furnished property in Jacksonville, FL for use as a mid-term rental.

I’m not very familiar with the local market and would love any insights on promising neighborhoods for living and investing.I successfully acquired both of my current properties off-market without the help of realtors, but I'm feeling a bit stuck on how to navigate the Ocean County market.