First time investors - financing help/questions

[Stephanie Duggan]

Hi everybody! My husband and I are first time investors. We have spent months reading and studying. And spent time listening to the bigger Pockets podcasts, books, and reading on this website. We both have great jobs and a nice home. We really want to start working on getting rental properties but are having trouble figuring out how to get our first deal financed. We don’t have enough cash for traditional financing. We really don’t want to ask friends and family for help due to history of distant relatives having problems with this. We are looking for ideas. We have found a great deal for a vacation rental...and don’t want it to pass us by! Need some quick ideas. Thank you!!

[Shiloh Lundahl]

@Stephanie Duggan There are several ways to get financing for deals:

1. Your own money (savings, etc.)

2. Other peoples money

   A) Private money

         1) Family

         2) Friends

         3) Partners

         4) People you meet who are willing to lend you money

     B) Institutional Money

1) Credit lines (HELOC, Personal lines, business lines)

         2) Credit cards

Another way to finance deals is through creative financing which could include getting a property with seller financing or "subject to."