Self-proclaimed “Short Sale Queen” and associates indicted in federal mortgage fraud scheme
Tuesday, December 3, 2024
For Immediate ReleaseU.S. Attorney's Office, Eastern District of Texas
PLANO, Texas – Thre...

I learned a creative way to finance properties using my 403B.

I am trying to get more direct to seller leads as most my leads come from other wholesalers who don't have buyers like us.

Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.

While living in a high-cost area can present challenges, it also opens doors to creative strategies, like investing out of state or leveraging partnerships.

We are taught to defer to the City zoning departments and to direct buyers to that department for their own due diligence. 

This involves converting the partners' interests in the LLC into direct ownership of the property.

As a few have mentioned, the best way would be to call the listing agents directly, but depending on how much time you want to dedicate, setting and going on multiple appointments with different people could prove to be time-consuming. 

I am new to creative financing and don’t exactly know the ins and outs of what would be the best way to approach this.

I'm working on a creative finance deal with a 50/50 subto/seller finance deal.