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Beginner – Real estate Investor
I’m new to real estate investing and I’m looking for creative financing options. I don’t have a lot of money saved up, but I have a good credit score. What are some creative financing options that I can use to buy my first property?
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8 Replies
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Awesome question! If you’re new to real estate investing and low on savings but have a solid credit score, reaching out to my mentor @InvestorGirlDiana could be a game-changer. She’s got some killer creative financing options up her sleeve that could help you snag your first property. Let’s get you started on this exciting journey!
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France, there are many real estate strategies out there. I would start by asking yourself a 2 questions.
– How much time and/or money do you have to invest in real estate?
– What do you excel at (your skills)?
These questions are the stepping stone to help narrow down the strategies that make sense for you.
Let me know if you have any more questions 😊
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@InvestorGirlDiana thanks for your insightful response!
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thanks for this insightful strategy @InvestorGirlDiana
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I think you can give France great advice.
@RetainInvestments @zoryabelanger @Thiavelinor @ElizabethKelly
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If you have great credit and the ability to qualify for a mortgage, then you can borrow the down payment funds or bring on a partner to provide the down payment. I recommend connecting with a great mortgage professional to review your financing options. Then learn more about common partnership structures to determine what you would like to offer a prospective partner.
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Thanks @ElizabethKelly for the insightful idea.
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When I purchased my first property from the builder. It made sense at the time. Because of easy deposit structures, location, and purchase price.
if you don’t have too much savings pre-con can make sense.
You know exactly how much it cost, the deposit structure, and the completion date.
Some builders have had good incentives recently.
I suggest register with the builders and check their prices.
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