And if you mean traditional or creative style financing, I think it would be best that I go with something creative because I don't think I may qualify the traditional way.

I'm newer to the forums than you guys, analyzing some deals and figuring out creative financing.I'm up near Silver Lake now, but I lived in Harbor City for 2.5 years and still get down to the south bay quite often.

But to give them credit, I think their posts would be more creative and comprehensive.Don't circumvent an owner occupant clause.

I've never been one to turn in scrap metal or spend time getting creative.

:)(If we keep this up this thread will be moved to the off topic thread, LOL)Guess that goes to show too, that if you know the basics as to different types of instruments and how they work, you can improvise to make music, kinda like RE, if you know the basics you can start putting things together yourself and do some creative deals. :)

He said in NYS the capital gains tax on the purchase price is do at transfer for non residents... gotta love NY lol..with that said does anyone have any creative ways to make this deal happen that could lower or avoid the state Cap Gains?

- Are you a creative thinker or more quantitative?

You need to be more creative in obtaining the deals (going after the off-market stuff via good marketing techniques as opposed to trying to by stuff off the MLS), and you need to be willing to look at a lot of deals before you're likely to find a good one, but with patience, diligence and hard work, the deals are still out there.

There are three creative strategies for low Equity dealsOne offer subject to existing financingTwo offer wraparound mortgageThree offer lease optionSub to & wrap you are buying it and paying all outgoing costsLease option you are putting a tenant buyer in the houseI sell these solutions not by teaching the tools but by showing what the seller gets if I get involved with helping them with their house problem, sell the whiifm s what is in it for me

If you don't have capital (IE you are trying to wholesale, wrap, subject-to, or seller-carry creative financing), you might be better off moving to the area where you want to invest, it would be extremely difficult to do that from overseas profitably.In my experience, I'd stay away from the low grade houses and focus more closely on Multifamily, particularly larger properties as the price per unit and price to rent ratios are closer to what excites you about the low end homes, but with less risk and greater economy of scale.