I've personally had bad experiences with automatic stalls damaging the paint on my truck.

Two Bucks and a Truck.  

An alternative; the seller pulls as much cash out of the property from a refinance as he can and the investor takes title subject to the new existing financing.The seller has the cash and the investors has the property.Another alternative ---- ask the seller to give you X$ for repairs at time of settlement.Another alternative ---  agree to give the seller a Hybrid bonus once the property is sold....10- 20 - 30%.The hybrid usually works when a seller is accepting less than what he wants and the informal  partnerships works great.Charles

I'm trying to open up this discussion in terms of both good and bad...After speaking with a few people and lenders on acquiring money for a down payment on a multifamily property, a secured personal loan came up as an alternative to coming up with enough money for part of the down payment (oh, say $10,000).That means:> Secured personal loan (putting a lien on a car as collateral) worth $10,000 at terms of 4.25% APR over 5 years. - Total Down: $20,000> A mortgage for $102,000 @ 5% over 30 years , meaning a monthly PITI of about $800> 2 Duplexes (4-plex) with total monthly income of $2,400 *these numbers are somewhat irrelevant to the question, but is just an attempt at giving real world data*The question is: with the acquisition of another mortgage, what are the upsides and downsides of acquiring a secured personal loan as well?

Use chattel in place of money, “As good and valuable consideration for this Agreement, Seller accepts a 23’ fishing boat with motor and three boxes of tools as a down payment valued at $12,000.”Barter items that you already own or purchase them at a discount, and you’ll be ahead of the game.Alternative; offer stuff to the seller as part payment for their property  - a car, truck tools, antiques and other stuff you have laying around or neat stuff you can buy on time.The seller wants more than you are willing to pay, so offer him things that will reduce his asking price and will give the you a reasonable equity position. 

Hi @Chris Anderson,The Black Diamond REIA is in Waltham and alternates monthly meetings between Waltham and Worcester.

I decided to go to the property myself and place tape on all items that would need to be placed on the truck, at this point there was no room for mistakes. 

It's actually cheaper or the same cost as a lot of alternatives.

You'll then need trucking to a dump site that will take concrete (not all will). 

It's good to have a construction business where all of the equipment and work trucks are flat out owned with few employees.