Traditional MLS How did you finance this deal?

.🔹 Creative Financing – Traditional loans don’t always work for distressed properties.

If debt concerns you, look at DSCR loans, which qualify based on rental income instead of personal finances.

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Not applicable unless you plan on living in one unit.

but, my my first question with these posts is why can you not use conventional financing anymore? 

Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal. 

Reached out to owner of neighboring property How did you finance this deal?

How did you finance this deal?

After you get that first one, I would start looking for BRRRR strategy, and if you have time to market direct to seller you can try to negociate seller financing and sub to deals.