All Forum Posts by: Dario Alvarado

Dario, 

In order to give creative financing advice, I'd need to have a better understanding of the tools currently available to you.

For instance - 

1. Do you own a home that you could refinance or use a HELOC? Equity in your personal residence could be a source of capital for your first rental property.

2. Do you have an IRA? If so, you could designate the IRA as self-directed or take a loan from your IRA to purchase an investment property.

3. Find a seller that is willing to seller finance. In certain scenarios, you may be able to find a seller that is willing to hold a portion of the debt while a bank covers another portion, leaving your out-of-pocket requirements to be low.

4. What I recommend you do, is begin to grow your network. Attend events and meet-ups, let people know you are interested in getting into the game and want to partner on a deal. Your first deal may require that you give 90% of ownership to the other partner (given experience and capital), but 10% of something is better than 100% of nothing and it lets you get your foot in the door!