All Forum Posts by: Al Zeman

@Al Zeman, can you tell us more about the deal?  Have you tried getting a loan for the whole thing? 

Do you have any more information about the kind of deal you're looking at? For example, is it a rental property? Fix and flip? Single family vs Multi family? Who are you purchasing from?

I think the answer to your question will be different based on a lot of these factors.

I'm a complete beginner, but here are some things that I've read about that you could try looking up on the net and seeing if any fit your needs:
- Looking for a partner. If you can find someone who does what you want to do at a local REI meet up, and show them the numbers for the deal, perhaps you can work out some sort of funding situation. You do the work, they put down the cash.
- Seller financing. Essentially, instead of getting a loan from a lender, the seller acts as the bank. This may require some good negotiation skills though, because most people may still want some sort of down payment.
- Personal credit line. If you already own personal property and have equity, you could look at utilizing that using a HELOC or cash out refi. I've also read about people that used credit card cash advances, though I personally would be hard pressed to use that. You'd have to have a great deal to beat those interest rates, but if you do, and you can pay it off quickly enough, it may work. Again though, not strongly recommended.
- Lease option. You wouldn't really own the property, but depending on the situation, this could work for you.