Sounds like a good opportunity

[Terrence Collins]

I've been talking to a property owner. He has a two unit house that he is willing to hold the mortgage on for 6 months. The house is owned free and clear. He is also open to creative financing. I have no money to put down and the house needs some rehab. Can anyone suggest how I can make this deal and generate enough money to fix up the house?

[Jon Holdman]

Well, if he will give you long term financing with nothing down, you can use that to buy the property.

As far as rehab funds:
- credit cards
- borrow from friends and family
- get a credit card at Home Depot, Lowes, etc.
- borrow from a 401k
- borrow against other property you own
- sell something

What's your plan? Fix and flip? Rental? Getting into either of these businesses with no cash is a bad idea. You really need some cash to be buying real estate.