Creative Financing for Down Payment on Multi-Family Deal

[Ryan Twomey]

Hi Everyone,

I have just recently purchased my second investment property using my own money on both deals. I am now looking to start scaling my portfolio further, but understand that to do this at the rate I am hoping for, saving and investing my own money repeatedly is a long, slow process. I am now looking to start utilizing private lending or other forms of creative financing in order to fund my down payment for future deals. Do you have any advice on how to get started in raising outside capital (how to contact people, who to contact, etc.)? Can you provide any examples of successful or failed attempts at doing so? Thanks!

[Brett Deas]

I have done both. For the loan it was set up through a lawyer because that is honestly the best and safest way to do so.