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Updated about 5 years ago on . Most recent reply

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Quentin Mitchell
  • Investor
  • Chicago, IL
105
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197
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What are some creative financing methods?

Quentin Mitchell
  • Investor
  • Chicago, IL
Posted

There are an endless amount of ways to finance a house, multi-family, or commercial properties what are some of yours I will post a few that I know about.

1. Private money (more than just family and friends, personal loans, credit unions just to name a few.)

2. CC (if you have a high enough limit and cash flow well enough)

3. Hard Money (Have an exit strategy in place to get out of it as soon as possible)

4. Traditional financing

5. Seller financing

6. Lease Option

7. Assume mortgage (although I don't think this one as common or easy these days)

8. Commercial financing combined with a seller second.

Please add more or feel free to comment more in-depth on something mentioned above.

Most Popular Reply

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13,385
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,418
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

1 - Seller financing from 100% equity sellers

2 - Using two cash partners...exchanging one for the other...for both a flip and hold with the same property

3 - Sandwich LO

4 - Using cash reserves from your original loan as a means for self funding

5 - Using large uncollateralized loans as a means for self funding

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