Long term creative financing

[Dalton Shepherd]

I'm looking at buying my first investment property but I'm wondering if there are private investors or companies that will lend on the rental income of the property and cover the down payment? If so, are there certain requirements that I or the property would need to meet? I'm leaving this fairly vague just to see if it is even possible. All feedback/answers are greatly appreciated!

[Daniel Dietz]

Quote from @Marco Bario:

Quote from @Greg R.:

Quote from @Joe Villeneuve:

The problem you will have if you do get someone to lend you the money for your DP is you won't get a mortgage on the property...for a number of reasons.  Your best bet would be to get a partner to come in with the DP money...just don't give them 50% of the deal for that.

If I were asked to come on as a partner to cover a down payment, why wouldn't I just buy the property myself and get 100% of it. What is the person with no cash bringing to the table?

Maybe they're bringing the deal, and maybe they provide property management. The down payment could also come in the form of debt secured by another asset rather than equity. 

I think Marco hit the nail on the head. We have done several of these type of deals, and have Partners waiting for us to find more.

in our case the partner brings 100% of the down payment oh, and has no other responsibilities as far as management or operation. We find the off Market deals, since we have such a shortage of them in our area, analyze, secure financing, take care of the buying situation, manage any renovations needed, didn't do all the ugly Property Management and accounting.

in other words, they bring their cash needed, we bring the time and knowledge needed oh, and it is a win-win situation.