We have plenty of skin in the game on this deal, ie: 20% down and cash reserves on all 4 homes we own.Just trying to leverage the best I can with getting the next deal going.Am I missing something on getting creative?

If this is a Section 8 tenant who wants to do a contract for deed (yes, there is a program according to this Federal Reserve Bank of Minneapolis article) make sure you know the guidelines of the program.

Doing something like taking $15 grand out against your car at 3% gets you a long way towards that 25% equity stake you need without damaging your cash reserves.

People rent, in a lot of situations, because no one will finance a purchase for them, because their credit sucks, poor job history, no reserves, etc.

I did not meet the reserve requirement but was told that they usually will accept the highest bid for online only auctions.

Since sellers like cash, I'm thinking of pooling my own and my friends' reserves and make cash offer.

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Do you have the funding and reserves to pull it off?

.* Establish a formal capital reserving process for each property.* Provide annual photos, inspection, updated realtor comps* Provide quarterly NOI, debt coverage ratio, etc.* Stress that their collateral is a tangible, closely-managed asset, in a very stable area, providing a basic need, housing.Anyway, thinks for all the replies, would continue to be interested in feedback from others.

I have $4,000 in reserves for vacancies/repairs/assessments.Property 2: I am planning on using my HELOC from my home to purchase a 2nd property.