Thinking out of the box (down payment)

[Jan Bastrup Pedersen]

Hi all from Denmark - i am new to this site but i have been reading a lot about investing in property (mostly us books) and on this site. However i started january / february 2018 to buy two properties (one with two apartments and the other with 4) In April 2018 i came across two properties offered to sale. A good deal. Price was low, cash flow was high - but as i already had bought two units this year i had not build up too much Equity so i was not able to find 30 procent free cash.... But i could not forget those two units... I believe i read somewere in this site on some of the good rules when you buy properties; If you cannot find the free cash there might be something Else you have that the seller would like to have....from you instead of cash If there is something you really want to have... you might have to give something Else up... to get what your goal is... To make this deal happen -and as i did not have the free cash - i started thinking of what did i have - with value - and i was willing to Trade in this deal... I ended up trading in my lovely BMW :o) :o) The point is, that if i did not read these posts on this site - i would never had got the idea of Trade my car into a property deal. But the deal just cleared today and i will take over 10 apartments in those two properties :o) thanks to the post herein :o)