How to do Creative Financing when you already have capital

[Diane F.]

Hi everyone! 👋

My husband and I finally took the leap and are ready to dive into real estate investing seriously. (For crying out loud..I've been on BP since 2020 and haven't made any legitimare RE move...until recently). We currently live in California, but we’re visiting Dayton, OH to really get to know the area—we’re even considering staying for a gain hands-on experience. 

My husband is a numbers-focused entrepreneur who bootstrapped his business in a challenging industry and kept it afloat, (he definitley has grit), while I’m a nurse who recently stepped away from my job to fully commit to building a real estate business.  (BP podcast episode 14 was really inspiring..go check it out if you haven't already).

We already have cash ready, but like many new investors, our bottleneck is navigating bank requirements. As you may have already heard from RE investor gurus and even a simple Google search would say that paying cash isn’t the most strategic move. That said, we do want to leverage our funds, explore creative financing, and partner with other investors (of course, only if it's a good match) to grow faster and acquire more properties.

We’d love to connect with others who have experience in this market—or just like-minded people most likely like you who are open to sharing advice, recommendations, or even partnering on deals. If you have a duplex or even 5-unit+ property or ideas on navigating these financing bottlenecks, we’d be thrilled to hear from you.

For those of you investing in Dayton or similar markets, what’s your best tip for overcoming bank hurdles while still building momentum as a new investor?

Looking forward to connecting and learning from this community!

Warm regards,

D

[Ellis San Jose]

I'm in California but I don't buy out of state anymore after moving all assets closer to home. Looking back & knowing what I know now, I'm confident that I could uncover opportunities for creative & seller financing which navigates the traditional bank financing obstacles. By deep diving into areas that have longer days on market you will find more sellers that will consider structured financing.