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Financing your Real Estate
By: Ray Rsa
It is hard to purchase real estate if you do not have cash or know the creative methods of financing it. By stepping out of the box and using your imagination you can finance and close on any deal. Below are 30 ways of financing your real estate.
1. If you have a trust you can borrow against it to acquire the property
2. Borrow against your life insurance policy
3. Use your professional services as a down payment
4. Place an ad in you local newspaper for Money Wanted
5. Use your credit card
6. Exchange your property for another one
7. Leverage your IRA
8. Use deposits from your other property
9. Form a Land trust and pay the seller mortgage without applying for a loan
10. Buy a property with vacant land and subdivide the land to sell for cash
11. Use split funding where you offer a small down payment with the balance due at a later date
12. Look for sellers that have non-qualifying assumption loan that does not have a due on sale clause allowing you to transfer title without the lenders permission
13. Look for sellers with qualifying assumption loan where the lenders permission is also not required before title transfer
14. Take over the property with “subject to” the existing financing
15. With distressed property you can arrange for seller’s payment to be made only after you receive a certain amount of cash flow
16. Pledge diamonds and other valuable gems for down payment and set up a note for the remainder amount
17. Acquire the property secured with an established inheritance
18. Setup a lease option with the seller and another lease option with the buyer
19. Use joint ventures to acquire properties with cash partners
20. Refinance your home to acquire the properties
21. Sell your option without exercising it thus avoiding long term capital gains
22. If you have a note you can use it as collateral for a loan
23. Use property credits to reduce closing costs
24. Advertise for a private investor to receive a high return on their property for a short term property acquisition
25. Acquire the improvements and have the owner lease you the land
26. Acquire the property by assuming the first loan and having the seller carry a second
27. Use a wraparound mortgage where the seller wraps his existing
28. Purchase stock in a company that loan you money for real estate purchases
29. Get financing with a balloon payment increasing monthly cash flow with the balance due in the future
30. Acquire a property using a letter of credit form a lending institution
Article Source: http://www.ezarticles.info
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