Want owner financing up to 50k money down Philadelphia area
I am new to real estate investing and have approx $200k liquid to begin. I am not eligible for a conventional loan as I am working for a start-up company and will not be approved for a mortgage.
My thinking is to seek owner financing,negotiate mortgage directly with owner, and put up to 50k down for first property.
Am I going in the right direction seeking financing directly with owner or do I have any other options in my current position? I am avoiding purchasing a property 100% cash as I don't want to tie up all of my capital.
Please let me know of any comments or suggestions,
Thank you for your time,
Edwin