Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply
How would you creatively finance this property?
How would you creatively finance a property that has 4 trailers/mobile homes on almost 10 acres, where seller is offering owner financing with qualifying down payment?
Listing says "Great return on investment. Rural 4 Unit 9.9ac County approved Trailer park. 4 Trailers included. Great income property with land to spare. Seller will carry contract with qualifying down payment.".
Do you know of any low, or no money down ways to aquire a property like this (private money, etc?)?
I heard years ago "The stupid question is the only one you don't ask". So I'll ask, is there any creative financing strategies that can be used where all, or part of rent payments would go to a private lender, until it could be re-financed.
Most Popular Reply

First step is to find out what terms the seller is offering and what qualifies as a down payment. At the moment you essentially are asking how many times you need to stop for gas on a road trip when you don't even know the mileage of the car. If a down payment is $5k you can proably come up with that on your own, if it is $100k maybe not so much.