Need money NOW.. what can I do to prevent missing a good deal?

[Dave Carella]

Here's the rundown.

I own free and clear 230k home.

found great investment property ( two good and clean manufactures homes on 4.4 acres) for 150k with income potential of about 450 month - each.

problem. my money is all tied up in other investments.

what should i do.. LOL yes im heading to the bank now, but I'm always looking for more options.

Thanks! Happy new year to you all!

[Matt Lefebvre]

@Dave Carella you could pull equity out of your house as a downpayment and then go to a bank to get a loan.  I've had clients do that before so they in essence didn't put any cash down.

One thing I'd like to point out though, unless you think there's significant value-add, $900/mo gross income for $150K purchase price?  I can't see that purchase being cash flow positive, let alone a good deal.  The mortgage alone (assuming 25% down) will be $550/mo+.