Denied for Pre-Approval — Now Exploring Creative Financing for First Home

[Keegan Rosett]

Hey BP community,

I recently took a shot at getting pre-approved for a mortgage through a local lender — a friend of mine. Being a new entrepreneur with little to no provable income, I knew it was a long shot. Sure enough, I was denied for pre-approval.

That moment kicked off a wave of conversations around creative financing, and I started learning about strategies like seller financing, subject-to, and finding off-market deals. The challenge now is: how do I actually find these types of deals?

As someone brand new to the industry:

• Where do you even begin to find sellers open to creative terms?

• Are there specific lists, tools, or marketing methods that helped you early on?

• Has anyone here partnered with investor-friendly communities or individuals to help get that first property under their belt?

My personal goal is to own my first home (ideally a house hack or small multifamily) by the end of 2025. I’m committed to putting in the work — I just need some guidance on where to dig.

Thanks in advance for any advice. Grateful to be in this community as I navigate the early stages of my investing journey!

Keegan

[Chris Seveney]

Quote from @Keegan Rosett:

Hey BP community,

I recently took a shot at getting pre-approved for a mortgage through a local lender — a friend of mine. Being a new entrepreneur with little to no provable income, I knew it was a long shot. Sure enough, I was denied for pre-approval.

That moment kicked off a wave of conversations around creative financing, and I started learning about strategies like seller financing, subject-to, and finding off-market deals. The challenge now is: how do I actually find these types of deals?

As someone brand new to the industry:

• Where do you even begin to find sellers open to creative terms?

• Are there specific lists, tools, or marketing methods that helped you early on?

• Has anyone here partnered with investor-friendly communities or individuals to help get that first property under their belt?

My personal goal is to own my first home (ideally a house hack or small multifamily) by the end of 2025. I’m committed to putting in the work — I just need some guidance on where to dig.

Thanks in advance for any advice. Grateful to be in this community as I navigate the early stages of my investing journey!

Keegan

 the first question I would ask is, do you have income? 

you mention you are new entrepreneur with little to no provable income.

What is your income stream and are you better off building your business?