Creative Funding?

I’m looking for creative financing to fund the property’s down payment.

Basically the same as conventional loans....ltv‘s of 75/80%, similar DTI’s, etc., if you can gat get 30 year loans.

If your guy is preapproved for a loan, his bank most likely isn't going to fund the deal with income like this for the reason that you mentioned, free cash doesn't even cover debt service.

I’d prefer most of my portfolio paid off or at least paid down to probably 40-50 percent LTV.

Invest in my nest deals in my fund that are proven & still accepting money.

For NOO properties, the max LTV on a cash out is 70%For your OO property, you could do a cash out refi, but that will require 1 more year of occupancy.You could also do a HELOC on your OO place up to 90% LTV but that is a variable rate loan 

With a tri or quad, we would require more funding than we would need with a duplex; 3 months of mortgage payments need to be saved in the bank, which is not required for a duplex.

I have recently bought an single family investment property partially with a HELOC and other miscellaneous funds.

He would put in about half of the funds needed for the down payment and get updates when relevant as an out-of-state partner.