When you are new, looking for lenders & considering Fix & Flip, BRRRR, or rental, as a buyer, I’d ask the owner/seller to be one of my private lenders with creative financing.

Local banks, CDFIs, and owners of small multifamily in that market are often far more creative than national lenders.

Quote from @Janice Carter: Heidi, I typically don’t lead with creative finance unless it clearly aligns with the seller’s situation.

“Creative” financing is a whole other animal.  

My local bank would refinance me at that point since the principal paid would be past the 20/80 threshold.if the seller rejects this, are there any other creative solutions to bag this deal?

I’m licensed in over 25 states and have spent the last few months studying multifamily and creative finance strategies with the goal of building a portfolio that generates long-term cash flow and stability.I’m extremely motivated to start closing deals now — ideally multifamily or self-storage, though I’m also open to triple net opportunities down the line.

Creative deals get a lot easier when you have someone to bounce ideas off, someone who’s seen these structures before, or even someone who just helps you think through the steps.

It’s awesome to see your focus on building long-term wealth through creative real estate right here in our backyard.

You might want to keep participating in community activities and once you feel prepared get in touch with an agent and a lender who are friendly to investors for the purpose of starting to filter out the most suitable markets and properties.Good luck!

For one thing "properly prepare" means something different to each person.