Alternatively, I know I could use the cash to flip units, but I don't have experience with that at this time.What made paying the mortgage off attractive was that if we did this, we would be able to free up enough cash flow to pay down the remaining properties within four years, and that point, it's a straight up cash game to purchase additional units.

Most banks are wise that the sort of letters @Kevin Cook mentions are worthless.An alternative is to get truly pre-approved and write your offers as financed.A better alternative still is to skip the MLS and do your own marketing and find deals.

If it is vacant, first try checking via property profiles to see if there is an alternative/mailing address.

From listening in to the podcasts I am keen to learn more on alternative financing and putting together groups of investors in deals, probably buy and hold, as have only used straight bank finance really here, apart from a couple of friends loans for deposits in the early days.

There also could be an alternative accommodation that would meet her need.

Obviously I'd prefer not to do that but if it came down to that and I could swing it in terms of cash flow I might try it.Still looking for alternatives as of now though so I'd be really happy to hear anyones creative ideas on how I could raise this small amount of funds.

Whether that means holding the financing, making a trade, or using your skills to discount the seller's hospital debt (the real reason they need to sell) - Be creative in your alternative to cash.I recently closed a deal where I was able to trade a decent used car for a mobile home with all appliances plus an old beater car in return.

I'm still looking for alternatives, but was just wondering if there were any ways (that I hadn't already thought of) in which I could get the financing for a bank owned or HUD property...

Sorry.An alternative is a short sale.

1) Finding alternative capital sources2) Creating sweat equity (buy, enhance, refi, hold)3) Negotiating tactics