Updated almost 10 years ago on . Most recent reply
Creative Financing for a fix & flip
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.