1. First is to check out the many new zero down programs now available from lenders. Especially if you're a fist time buyer. Also FHA and VA have loans that may not be zero down, but are very close.
2. Borrow money for the down payment. Borrow the money from family, friends or a business partner at a high interest rate or a percentage of the profit when the property is sold
3. Raise the price and lower the terms. Offer the seller more than he is asking provided he is willing to accept the down payment in the form of a note. If the seller is asking $150,000 with $15,000 down and willing to carry the balance of $135,000. Try offering $155,000 in the form of a promissory not instead of cash. The seller gets a little more money for the additional risk.
4. Borrow against a life insurance policy. Many life insurance policies let you borrow against the policy for the purpose of investing in real estate or other investments.
5. Use other property as collateral. Create a note on existing property that you or a partner own and use it as the down payment for the property you are buying.
6. Home equity loan. Home equity loans are generally easy to qualify for as long as there is adequate equity in the property.
7. Seller refinance. Have the seller refinance the property, receiving the cash he needs from the proceeds of the new loan, the buyer gives the seller a note for the balance of the seller's equity.
8. Find an investor. There are many people who have money but no time. Their current profession keeps them too busy. Work out a deal where they put up the money and you split the profits when you sell.
9. Lease with option to purchase. Lease a property with the right to buy it at some future time. Provide for the rental payment to be credited towards the down payment if you decide to exercise your option.
10. Give them something they need. If the seller is planning to purchase something in the future that you own or can buy, use it as a trade. This can be anything such as furniture, boat or motor home.
Francis Stark #FrancisStark
Become a Real Estate Investor
"Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The young wise man or wage earner of today invests his money in real estate."