I'm currently navigating the world of real estate financing and wondering about your preferred financing strategies for investment properties.

In a nutshell, Fannie Mae Homestyle loans enable financing for property renovations alongside a purchase or refinance, while Community Second Loans provide subordinate financing to bridge the gap between down payment and closing costs.

Besides seller financing, I've heard about Non-QM products but no lender has yet offered me this.

Beware of anyone on social media offering 100% financing at low rates.

Off market - Online How did you finance this deal?

The reason being most lenders cannot do rural properties and you'd be limited to local conventional financing. 

I am in the process of exploring financing options for my first deal and I came across the idea of government down payment assistance grants.From what I read, these grants can be used to cover the down payment on a low money down loan such as FHA loan, which I was planning to utilize anyway since I will be an owner-occupant.Has anyone used this in the past?

I have seen before 1031 buyers lock in 3 choices but not get some material while under LOI to see if property is viable for cash flow returns and for financing they would like.

Where can I find financing to do this?

We do close a significant amount of properties with credit unions that finance investors with this 5% loan product, mainly in FL & AL.