Creative Financing, wanting to buy my first duplex!!!!!!

[Sara Donohue]

Hi everyone!!!

I’m looking to buy my first duplex ( Erie, pa ) and could really use some insight from folks who’ve gone the creative route with financing.

I’m a self-employed business owner (no W-2 income), so I usually qualify through bank statement loans. The challenge right now is that those rates are running 8.5%+, which seems unnecessarily high.

I’m trying to think creatively to either lower the rate a couple points or improve the overall structure. I’m open to any examples, contacts, or lessons learned....... just want to make sure I’m setting this up smart from day one instead of rushing into a high-rate loan.

Can anyone point me in a direction?