Creative Financing for a fix & flip

[Paul Kuegle]

I have a flip deal that I'm negotiating with a seller right now.  However my investors that usually fund my deals have their capital tied up right now.  I am trying to think out side of the box to get the deal done.  I don't qualify for financing at a bank & the deal is to tight to be able to use a hard money lender.  I tried to raise more funds from other investors with no success. What I'm thinking of offering is to rent-to-own the house from the seller with an option to sell.  I'll offer 5% down payment & a set monthly payment.  I have access to other funds for the downpayment & renovations.  Has anyone else done this?  Did it work out well?  Thanks for any input.