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Updated over 9 years ago on . Most recent reply
Trade work for financing?
Has anyone done any creative financing with trade work? My brother is a contractor and is toying with the idea of trading a down payment on a lease option, or something like that. Any tips for doing something like this? Anything to look out for?.....Thoughts?
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#1 BiggerPockets Exclusive PRO Area Contributor
- Professional Auctioneer
- Baltimore, MD
Has anyone done any creative financing with trade work? My brother is a contractor and is toying with the idea of trading a down payment on a lease option, or something like that. Any tips for doing something like this? Anything to look out for?.....Thoughts?
Professional Services for Equity
In lieu of a deposit or down payment, the seller might be interested in using your professional services. Can you do accounting, graphic design, or perform acupuncture? “As consideration for this agreement, buyer will perform five hours of graphic design work for seller valued at $1,200 to be deducted from the Purchase Price. ”If you have no professional skills, collaborate with someone who does in exchange for part of your profit.
Charles Parrish