I have little cash on hand but I am looking for creative options like cash out refi and HELOC to fund the rental.

It's a good idea to have backups, unless/until you can hire and pay your own crews to work for you full time.Regarding financing, most financial institutions will want interest, points, and fees, not creative pay out structures.  

ie=UTF8&camp=1789&creative=9325&creativeASIN=B000LNSIM8&linkCode=as2&tag=thechrofhom-20It's less than $10.

If you somewhat know what you're doing in the real estate world, this will open up many doors for creative ways to finance deals with little to no money.

And if you mean traditional or creative style financing, I think it would be best that I go with something creative because I don't think I may qualify the traditional way.

I'm newer to the forums than you guys, analyzing some deals and figuring out creative financing.I'm up near Silver Lake now, but I lived in Harbor City for 2.5 years and still get down to the south bay quite often.

But to give them credit, I think their posts would be more creative and comprehensive.Don't circumvent an owner occupant clause.

I've never been one to turn in scrap metal or spend time getting creative.

:)(If we keep this up this thread will be moved to the off topic thread, LOL)Guess that goes to show too, that if you know the basics as to different types of instruments and how they work, you can improvise to make music, kinda like RE, if you know the basics you can start putting things together yourself and do some creative deals. :)

He said in NYS the capital gains tax on the purchase price is do at transfer for non residents... gotta love NY lol..with that said does anyone have any creative ways to make this deal happen that could lower or avoid the state Cap Gains?