Can money be exchanged to bind for a set price on that contract?

This would avoid dealing with traditional lenders altogether.Partnership: Consider bringing in a partner who can provide the $140K in exchange for a share of the rental income or future appreciation.Cash-Out Refinance: If you have another property, you might be able to do a cash-out refinance to pull out the necessary funds.Best of luck!

Beyond that, I enjoy cultural exchange quite a bit and having my perspectives challenged.

Down payment is $130,000 from a 1031 exchange. 

Your taxable income may be more than $150,000 since you have to factor in depreciation.You can potentially consider doing a 1031 exchange.

I am not sure if I should pay off my mortgage of $270,000 at 6.5% or should I do a 1031 exchange and invest in a rental property. 

Hi Everyone,Thinking of doing a 1031 exchange and getting into a Triple N investment.

I also have a plumber across the road that I allow to use my lake access in exchange for labor when needed.

You may also be able to take a higher interest rate in exchange for lower closing costs, not sure what sort of rate you're currently being offered.

For example, seller may have 4.5% debt and so current NOI is worth more to seller than a new buyer who has to pay 6.5% debt.Seller finance is a great tool too.My only caution is to NOT overpay for a property in exchange for seller finance at an attractive rate.Here is a hypothetical say market cap is 7.0%.New conventional debt is 6.5%.But seller will carry at 5%.With seller finance at 5%: What price does one pay?