If they’re really in a bind, you could even explore something creative, like seller financing or a subject-to deal (where you take over their mortgage payments).

Does anyone have any creative financing advice or any insights?

Starting out in real estate can be overwhelming, but with your background in flips, creative financing, and the Pace Morby community, you’re already ahead of the game.

To borrow against a free and clear portfolio in a creative deal.

Also, if you decide to sell, commissions are negotiable and/or you could work out a good seller finance, or other creative finance option.

Some used more creative ways to handle the needs but it is still a capital call and dilutes the return (if anything left). 

From my experience investing in mid-tier and luxury hotels much larger is you need about 70% to make ends meet, you start getting happy about the investment about 80% and around 85-90% you fell like you are a genius. 

I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.

These are deals that people can find on and off market, they just need to be creative on what they can do to the property to make the deal a deal  

Might have to be more creative or use STR