Are any of these "creative financing" options useable when flipping residential RE?

[Peyton LaBarbera]

The types of creative financing options I was looking into were a lease option/lease-purchase agreement, loan assumption, wrap-around mortgage, and subject to financing.

I guess my question is... Are any of these options a good idea to use when looking to flip properties? If so how will they benefit me more then let's say a hard money lender or PML?

[Joshua Christensen]

Quote from @Peyton LaBarbera:

The types of creative financing options I was looking into were a lease option/lease-purchase agreement, loan assumption, wrap-around mortgage, and subject to financing.

I guess my question is... Are any of these options a good idea to use when looking to flip properties? If so how will they benefit me more then let's say a hard money lender or PML?

 I love your question Peyton.  I've worked with most of these options.  

Hard Money.  It's...well...hard...lol  Look, there is a place for hard money loans so long as the numbers work.  Who cares what you pay, so long as you are profitable at the end right?  I look at hard money as the LAAAAAST option, and the numbers always have to work.  There are usually higher points upfront or on the back.  There may be monthly interest only payments due?  It all depends on the lender and their terms.  Typically, these deals require some sort of down payments as well, not negotiable.  He who has the gold makes the rules.

CREATIVE DEALS:  They are all structured differently AND the only thing that needs to happen is morally, legally, and ethical agreement between both parties by contract.  Never verbal.  Always have your deals sealed in a non-binding contract.  The only limitations are your creative juices and the law.  So long as both parties agree, they can be structured in a plethora of ways.  

Low money down? Done. Shared Equity? Done. No Money down? Sure. Sub2? No problem. Wrap, only the gifts after closing...lol. No points. No banks. No problem.

When your seller will work with you, the timing and cost are in your favor.  The key is making sure what you're proposing works to help the seller get what they need while working out for you too.  Put the seller first, and you're sure to hit a home run.  

Ultimate, they are all tools in the tool box.  When the numbers work, it's a beautiful journey.  

My first REI deal was a sandwich lease option. My best deal was a private money loan (5% for 30 year am) that I rehabbed and sold to an end investor Sub2 my private loan for a nice spread of monthly payments and equity. Everyone won in that deal. It was nice. I had zero out of pocket money (not even the rehab).

My current home was acquired on a lease option with a $500 applicable down payment that I refinanced 4 years later in my name.  It has provided multiple 6 figures in equity since.  Lovely.  We love these deals.