Hi All,
I've been reading, researching, listening to podcasts, looking excitedly at listings in my target region, and ready to jump in to investing. Only one problem.... I don't have any money!
I have a decent income form my job, but cash flow is tight right now and certainly do not have a down payment for a property.
Is there any scenario where it is possible to get started without a down payment?
I could do a JV, but do not have a track record to attract JV money.
Any thoughts? ie, private loan for the full amount and then re-finance as soon as possible, or is this foolish?
Thanks kindly!
I've been reading, researching, listening to podcasts, looking excitedly at listings in my target region, and ready to jump in to investing. Only one problem.... I don't have any money!
I have a decent income form my job, but cash flow is tight right now and certainly do not have a down payment for a property.
Is there any scenario where it is possible to get started without a down payment?
I could do a JV, but do not have a track record to attract JV money.
Any thoughts? ie, private loan for the full amount and then re-finance as soon as possible, or is this foolish?
Thanks kindly!