One of the more creative ideas I have come across that I am going to be implementing is splitting cost of advertising/lead generation with realtor partners. 

Brand Turner, David Greene, J Scott, they all say don't pay for that stuff if they give it to you free from the comfort of your own laptop. 

Typically, creative financing is geared toward lowering the capital injection needed to acquire the property which comes at higher risk to the lending entity (thus higher cost) of rate. 

Feel free to reach out if you want specifics, but if not best of luck in your journey!

mortgage closing costs: 2 to 5%property value appreciation: 3 to 6%cash on cash return: 2 to 4%cap rate: 4 to 5%rent growth: 3 to 5%rental property expenses growth: 2 to 4%repairs & maintenance cost: 5 to 10%capex: 1 to 3 %Vacancy rate: 4 to 6%Mahalo !

Here is some free advice (worth what you pay for it):Upon application, obtain a handwritten statement from the borrower describing the intended use of the money.

Any questions feel free to reach out.

Waiting 3 years for nearly 100k in “free” equity is to the worst thing.

Management fees, lease up costs, turnover costs vacancy rates, repairs, licenses,  non paying tenants etc. are all examples of these. 

Finding funds for downpayment and closing cost.