Here is the situation. I have one rental property that is a triplex through a land contract in Columbus Ohio. I have had this property for about 6 months now. I am still learning the business of being a landlord so any advice is greatly appreciated. I am wanting to purchase another property but I don’t have enough cash for a down payment on a loan through a bank. What are some options to purchase another property?
What are some alternative ways to finance a 2nd rental property?
Posted by admin on April 14th, 2011
Posted in Columbus investment 
Tags: being a landlord, columbus ohio, land contract, rental property, triplex
Oh my brother I have the same problem I find great deals all the time that will cash flow even if I borrowed 100% of the money but no one wants to lend.
Really, your only options are:
1) friends/family loans
2) bring on outside investors
3) hard money lenders
4) real estate investment clubs
2-4 can be found by google searches.
Good luck, I wish it were easier. I really hate lenders. They’re the worst part of the work needed to invest.