If you dont have the money for the 20% down you will not be able to buy without some creative financing.

But using two seperate contracts always works and using a contract that incorporates a lease and an option only in limited situations simply is nothing more than a seperate product to be marketed, it serves no unique function that would not be accomplished with two agreements.You need to begin at the beginning to understand concepts used to buy, use or control a property.

An estoppel letter is typically used in a transfer or conveyance of real property before the Closing transaction.It is a document sent to a bank (or other lender), from a homeowners' association (or condo association), to a city/municipality, or a tenant requesting a payoff of a mortgage, assessments or taxes due, or rental amounts due on a lease, to incorporate these amounts into the Settlement Statement for the buyer and seller of the real estate.

BP Experts,

I have a tenant in a property nearing the one-year mark of a two-year lease. She just contacted me and told me she and her husband are getting a divorce, and she will no longer be able to afford ...

Because of this we are looking for creative financing deals and with that we are looking for an agent who is knowledgeable about buying houses in foreclosure before they go to auction, seller financing, hard money or private money lending, and subject to's.

Get a regular Purchase and Sale that is assignable or an option contract and sell the option or some other creative contract structure.

Since this is the "creative financing" thread I thought that someone out there would've already experienced a similar scenario where you wanted to negotiate a deal directly with a seller, avoiding agents costs of course.

Hi,I have purchased investment properties in the past using the standard Realtor procedure, however, I'm new to creative finance investing and want to ask how to present my first offer.

It's always good to hear about how these "creative" methods fall apart later.

Realize the things a lot of people say can be done theoretically, but in practice is a real pain in the rear and no Realtor wants to work with you.I have taken enough boot camps in the past and spend enough money on the gurus promoting no money down easy money creative finance deals.