Sources for Down Payments

[Jimmy Delcamp]

So to keep a long story short, I have been working with a few mentors in my area that have been helped me to step my game up. Not only do I get their experience and advice on deals, as well as partnership, but I also get to benefit from their private money resources.

Here's the dilemma:

They are only interested in a few specific areas to focus their investing on. Which is just fine and dandy. But, the area I live in, which is about 20 miles away, doesn't fit their criteria to invest in.

Now today and yesterday I have made three offers. All three were houses in the area I live in and are owned free and clear. I have negotiated with the sellers to offer Owner Carry as long as I pay them a 10% down payment. Since this isn't the area that my mentors are interested in, it leaves me on my own to figure out where to get the money for the down payments on the houses.

With all the help that Bigger Pockets has given over the years, I figure someone might shed some light on my situation. Any thoughts?