@Spencer William Quesenberry  With little cash reserves to get started you need to be looking at creative strategies that allow you to wheel and deal with little risk and minimal out-of-pocket cash. 

Are there any creative ways to be able to get mortgage approval for additional property over time ?

Also, for those that like to closely supervise, it may seem daunting ensuring legal claims don't develop against you when you can't physically check on the property yourself.

You're young, motivated, educated and have a fresh outlook bringing new ideas and creative value!

So basically I am here in an effort to find some more ideas on creative financing, and how I can put the money we currently have saved (around 30-40k) to work for us, in an effort to get into the market.

So basically I am here in an effort to find some more ideas on creative financing, and how I can put the money we currently have saved (around 30-40k) to work for us, in an effort to get into the market.

I am also working on the construction loan ( a better deal than what he has on the table) so I will be able to essentially ensure I get paid back.

Be creative, but make sure the partnership is a win/win that benefits both of you.BTW, you need an attorney and an accountant... now, not at closing.

Do you close creative deals such as wrap-around-mortgages, or subject-to transactions?

Mark,If you have passive investors, I'd encourage you to at least have a conversation with a securities attorney.Your alternative is to give others some sort of tasks (big or small) to ensure everyone is active.Originally posted by @Mark Robert:@Alina Trigub in your experience, would you need a securities attorney specifically if you were the General Partner managing you Limited Partners money?