The owner will not hold the mortgage

[Austin Shuster]

I am able to get a loan for the 80% of the total purchase price ($699,000) that I need. Now I need help/ advice on how the get the other 20%. The owner will not hold the mortgage.

[Don Konipol]

Originally posted by @Austin Shuster:

I am able to get a loan for the 80% of the total purchase price ($699,000) that I need. Now I need help/ advice on how the get the other 20%. The owner will not hold the mortgage.

 What you are really asking is how to buy a property with 'nothing down'. It is possible, but the stars have to be aligned correctly.  There are numerous books on this topic, but be warned that many of the methods popular in the past require the borrower to commit mortgage fraud.  Other methods involve paying a higher price for the property or higher interest rates for a mortgage, killing any cash flow.  Bottom line is that there is no magical way to make the need for a down payment disappear.