Creative financing / ideas to purchase

[Ahsan Popal]

Hello , I'm a marine corps veteran with a current VA home loan that's my primary.

My goal is to get a second property , tried a second VA home loan but my COE is capped . I am now open to other ways of financing , like fha or conventional and was looking into down payment assistance programs as that's the only hurdle this time around .

I’ve heard of seller financing or partnering with investors for funds and using creative financing. 

What might be some good ideas or ways to explore making a situation like this possible ? 

[G. Brian Davis]

I'd be cautious about overleveraging yourself, as an inexperienced investor. Creative financing works best for expert investors who can mitigate the higher risks with greater experience. 

You might consider house hacking a small multifamily (2-4 units) for your next home. You may or may not want to keep your current home as a rental, depending on how well it would cash flow. 

Or you can skip all the landlording headaches and invest passively instead :-)   That's the only way I invest nowadays.