Hello, my name is Olivean. I’ve been seeking out possibilities in the real estate market for some time now. I have an excellent credit score but no funds as this moment to put a down payment down for my first purchase. Based on my credit score how do I go about acquiring property for real estate investment, with no money down?

Some suggested to do an interest only loan in acquiring property is this a recommended step?


You can buy property with owner financing, subject to the existing mortgage, with a lease-option, on land contract, etc. There are many ways to do it. The question is SHOULD YOU DO IT if you don’t have any money?

Good Luck,


Hi Liv,

I bought my first (and only) rental via creative financing, and did not have to put any money down. I didn’t have a dime in the bank at the time, and I can tell you that it was a bad, bad idea. I did not listen to the advice of the experts who told me to have reserves set aside before I bought rental property. I spent many sleepless nights trying to figure out what I was going to do if the tenants didn’t pay. They ended up moving to Alaska without giving me any notice, and I was left with a trashed house, no money, and someone else’s credit on the line (I bought the property subject to).

You didn’t say what you are planning on doing with the property once you acquire it, but I would really think twice about purchasing something to hold as a rental if you do not have cash reserves set aside for when (not if) something goes wrong.

You might consider bird dogging and/or wholesaling to build up some cash- there’s a lot less risk involved.

Good luck,
Steph :cool

I assume you are from Tampa? just wanted to say hi from one Floridian to another. What a market :beer!!!

Sean Flanagan

Thank you all for your responses.

The three best ways to get started are:

  1. Get some education or read lots of books on the subject
  2. Join a good REIA and network like crazy
  3. As the Nike Ad says “Just do it!”

Hi Steph,

Would you mind explaining bird dogging / wholesaling to a novice? : )