My Top 9 Strategies for Getting Short-Term Rentals Regardless of Good Credit Or Lots of Money Down!

The Creative Cash Flow Show

In this episode, we get creative about:

Ways to get rental properties with no money of your own.

Ways to acquire real estate if you have bad credit.

What are the negatives of working with a bank?

Resources + Links:

Tag us on Instagram with a takeaway from this episode!

Follow Jesse on Instagram | @thejessemills

Text TIPS to 612-662-6629 for more cash flow tips like this!

Learn more ways to create cash flow on Jesse’s website

https://www.thejessemills.com/home

Subscribe to The Creative Cash Flow Show on Youtube

Show Notes:

Have you ever wanted to own real estate but had trouble coming up with the down payment? I’m going into my Top 9 Strategies for getting short-term rentals, even if you have no money and bad credit! I’ll show you which methods I use the most, as well as which methods are best for your scenario! It’s time to get you in the investing game, or look at some different ways to make more deals (aka create some creative cash flow!)

00:44 - Is it possible to buy investment properties with no money of your own and bad credit?

04:22 - Why I like short-term rentals.

05:40 - How to acquire properties with Seller-Financing and Lease Options. And what’s the difference?

07:30 - Subject To Existing Financing, how can you take over someone else’s mortgage?

08:50 - How can you create your own Short-Term Rental Pod? What do the business relationships look like?

10:10 - What questions should you answer before buying a property together?

12:00 - What’s the BRRR Method? (Buy, Renovate, Rent, Finance)

14:04 - What are the downsides to the BRRR Method?

15:05 - Arbitrage, how can you make short-term rental income without owning a home?

17:50 - 10% Down, Second Home Mortgage and it’s benefits.

18:30 - How many “2nd Homes” can you have?

20:21 - What are the terms on a non-owner occupied investment property? What are the downsides of it?

21:10 - Why are traditional investment loans the worst strategy to get you started?

22:20 - What is a DSCR Loan? (Debt Service Coverage Ratio) What does it take to qualify?

25:00 - Recap and how I can help you get started.