Leveraging creative financing methods like hard money loans, private lending, or partnering with investors can also help you secure deals when traditional financing is delayed or limited.

The people lending you the money will have done numerous deals.  

Who would lend 50k+ to a grad fresh out of college???

Get to know the guide lines and the Niche lending options that can make or break cash flow deals.If you ever have any questions feel free to reach out I enjoy offering tips, and loopholes to BP members to help save time and money!  

Traditional lenders in this industry won't fund you on a purchase of a SFH that has leases for rooms and the building will need to be in your LLC name which means a primary bank won't lend you either cause of that and cause of your employment status.You have a real chance to start. 

I completely agree—private money lending is becoming a key strategy in this climate, especially with its flexibility and speed compared to traditional loans.

They tend to have no problems if you have a spouse or your children, or essentially some immediate family member listed as an authorized user, though.I know several people that were doing this, and their financial institutions ended up closing their cards on them.

Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages to fill the gap between institutional financing and down payment; that it is in lieu of down payment so the borrower can acquire a property with “no money down”, and that it is money borrowed to use for an earnest money deposit.

Hi Chase,I know a few funds that allow up to 90% CLTV, lending up to 75% in 1st position.If you can find a seller willing to do a 15% seller carry back on a 3 year minimum term, 10% down is a real possibility!

I guess I'm asking for something like a hard money lender, but I don't know if they lend on assets you already own.I guess you could put the paid off rental in a sandbox (trust, or corporation) so that the income from that rental is only counted against the debt from that rental then take basically any loan on it, but outside of that what options are there?