18 Ways to find money for down payment to buy a house!!!

18 Ways to find Money to Buy a House!!!!

• 1.F &R’s - Friends and relatives. Tell them what you are wanting to do and ask if they know someone that could help you out with the down payment of financing. Some may gift you the down payment, some may be willing to co-borrow on the loan and you can refi them out in the future. Learn the lending rules.
• 2.Sell or borrow on other real estate you own.
• 3.Sell securities that you own or borrow against them through a loan with your brokerage.
• 4.Sell collectibles or heirlooms.
• 5.Withdraw from your IRA – check with you custodian on fees and penalties.
• 6.Borrow against your retirement funds. In some cases the rate is as low as 2%. If you add too much to your debt load, you may not qualify for new loan.
• 7.Cash in or borrow against built-up value of any Life Insurance.
• 8.Ask for help from your church, synagogue or other non-profit organizations.
• 9.Sell a boat or RV or a second car and use for a down payment.
• 10.Get a second job.
• 11.Look for an investment partner that will put up the down payment and you make the payments. Upon sale or refinance, they get their down payment back a % of profit.
• 12.Use a lease option with part of the lease to be applied to a future purchase price and it gives you some of your down.
• 13.Look for a property with an assumable loan, ask seller to carry back a second mortgage for all or part of the down payment.
• 14.Pawn something and use the funds towards the down payment – you can pay pawnbroker back.
• 15.Refinance your vehicles and add to your down. Better yet sell extra cars and reduce your debt burden.
• 16.Offer something other than cash as a down payment (car, boat, collectables – note secured by another property
• 17.Offer your services or expertise to the seller in lieu of a down payment. Examples: Auto work if you are a mechanic, handyman work,legal if you are an attorney, dental if you are a dentist, art work if you are an artist, website if that is what you do, etc. You get the picture.
• 18.Find the seller’s “pain” and solve his problems.

And the list goes on.

Let me know what else you can add to the ways to find the money.