Updated over 9 years ago on . Most recent reply
Waste of Time?
Hi, I'm completely new to investing in real estate. I'm looking to invest in multi family properties. I'm very young, and don't have a sufficient amount of credit history. Would it be a waste of time to talk to sellers to ask if they're willing to do a seller finance? Or in other words, is there a way around the credit score wall I keep running into? I also do not have anything for down payments.
Most Popular Reply
The creative financing options are exactly what you want to "get around" in your credit. Lease options or seller financing (depending on the structure) can get you into a deal without even running credit or a lot of the paperwork that happens with lenders.
It depends on the deal and working with the sellers on how you can both benefit. It takes a lot of time and negotiations but it is truly possible with the creative financing scenarios out there.