Creative Ways to come up with a downpayment

[Ryan Billingsley]

We recently ran into a great opportunity!  Because of our success with our first Direct Marketing Campaign, we decided to target another area and last week was our first week to hit the new area.  We had a great response rate and many good leads.  One of the opportunities we are pursuing is on two properties that we did not target.  We received a call from a investor/contractor who received our letter on a property he was not interested in selling but had two other properties he wanted to package and sell.  They are both turn key rental properties.  One is currently in the middle of a 1 year lease and the other is waiting for the new tennant to move in as a section 8 rental.  We walked through both last night and they are in a quiet area and need zero work to rent.  The specifications of each house are:

2/1 600 sqft  renting for 600 to section 8

3/1 855 sqft  currently rented for 600 but we could get 700

The investor wants 50k for the package deal. We offered 45k and are waiting to hear his response.  We have a banker who will finance us with a 20% down payment.  We do have the money in our bank account to pay the down payment but we would like no out of pocket money invested if possible to keep the money we have to invest in flip opportunities.  What are some creative solutions to our problem?  Thanks in advance!!  

[Walker Seid]

Alaska is beautiful! My property is in Idaho which is also beautiful. Home prices are very high in Sitka and rent doesn't seem to keep up in terms of ROI. I plan to cash out part of an old 401k to pay back my loan.