Creative downpayment money

[Dan M.]

Hey guys,

I'm looking for a creative way to fund the downpayment of a portfolio of propertys that have huge potential. There is alot of vacancy but I see that as a good thing to increase the value and cash flow, however they hold their own currently to pay the taxes/mortgage and anything rented out after that would be the upside. I've already asked my bank to offer collateral on a property that is mortgage free but they would want to do a refinance instead ( costing me closing costs ) and then use the proceeds on the new loan. I already have a HELOC on my primary with not enough meat on the bone to make it work. I already took a 401k loan. The seller is open to financing but the agent really isn't allowing that communication to happen to find out what they are willing to do. I'm wondering if theres something I'm missing that might give me a way to scrape up with the 25% down (around 50,000) so I can get them mortgaged. This one is pretty important to me to take down because I officially would not have to work anymore if I so choose if I can take this one down and get it to steady state. Any advice would be greatly appreciated!