Firstly, you need to obtain funds for a deposit that is organised by applying for a personal loan (secured or unsecured). Usually a secured loan is secured on your assets and an unsecured loan is based on your income level.
Once you have received the loan, you place it as a deposit against a mortgage on the property you are purchasing.You need to ensure that you have made sufficient provisions to service both the loan and mortgage payments to carry the finances until you sell or if renting, serviced by the incoming tenant.
Creative financing with credit cards
Credit cards can be a dangerous way to finance property purchases and would only advise investors down this road if they have complete control and confidence over their finances.
The idea behind using credit cards effectively is to use them often and pay off the balances regularly every month. This will build a high credit rating with the card companies and make you a very valuable customer. Over time you can increase your credit limit and this will open up the possibility of further loans with very favourable interest rates. The higher you credit rating, the more favourable the