Creative Financing

[Preetham Gowda]

I am a newbie getting started in REI. I am looking at a 4-plex building in WA, owner to carry.Terms are as follows:

$425,000  

20% downpayment (about $90,000)

3 year loan, then balloon payment. Either interest only payments @ 6% or payments amortized over 30 year @ 5.5% , same 3 year loan. 

Scheduled gross income of about $3800 per month including w/s/g. 

I am still researching Operating Expenses. From the above it looks like I will need to get the property at much under $425k. I do not have $90k in cash for downpayment. What options do I have to raise that money apart from private funding?

Thanks for your responses.