Skip to content
Buying & Selling Real Estate

User Stats

6
Posts
2
Votes
Isabel Ortiz-Gelder
  • Rental Property Investor
  • Los Angeles, CA
2
Votes |
6
Posts

New Investor With No Capital-Creative Financing Options?

Isabel Ortiz-Gelder
  • Rental Property Investor
  • Los Angeles, CA
Posted Nov 20 2019, 18:29

I'm living in LA, looking to invest in a triplex in Philadelphia along the path of progress, and I've been trying to determine my best financing option. I was looking into FHA loans until I realized that the property would have to be owner-occupied and it doesn't seem as though there's any way around that...and I don't see myself moving to Philadelphia anytime soon just to make that work!

I do have a good credit score, so I could potentially qualify for a conventional loan, but even then I just don't have any capital for a down payment and I'm feeling stuck. 

If anyone has been in this position before, I'd love to know what creative ways people have overcome this kind of roadblock! I'm extremely eager to put in the work and take action so I can invest in a property within the next month or two, but the funding poses a problem at the moment. Any guidance would be much appreciated!

Loading replies...