Having Trouble Getting Loans? Use Creative Real Estate Investing Strategies

I was preparing to give a seminar to my local real estate investor group and this particular month I was speaking about Strategies For Investing In Real Estate Without You Getting New Conventional Financing. Our Real Estate Investor Bronze Members can access the entire outline for free by logging in and using that link.

As the financial markets are still relatively (relative to irrational lending practices of a couple years ago) tight, I wanted to share some strategies for getting involved with real estate investing that require absolutely no credit, no cash and no new financing for you.

Not every option below is a good option or one that will fit every situation. In fact, some are very limited in their ability to be used and some should not be used at all–especially if you have no credit, no cash and can’t get financing.

You can however, use some of these strategies to raise immediate cash so that you can document strong income and put healthy down payments so that you can buy some amazingly great deals that we are currently seeing in the real estate markets.

So, here is the list:

Wholesaler Your Deal – Find a deal, get the deal under contract and then sell your contract to the investor will ultimately buy the deal.

Create A Partnership With Someone That Has Cash Or Can Get A Loan – Find someone else that can and will get a loan and offer to partner with them on the deal.

Control The Property With A Lease And An Option (Lease Option) – Agree to Lease the property from the seller for a fixed monthly lease payment and have the option to buy the property for a fixed price within a certain period.

Assume The Seller’s Loan – With the seller’s permission, go to the bank and see if you can assume the existing loan.

Buy The Property On A Land Contract or Contract For Deed – Agree to make payments to the seller for a period of time and, if you make payments as agreed, after a certain period of time, you will get the deed to the property.

Purchase The Property “Subject To” The Existing Financing – Agree to take over making payments on the existing loan and have the seller deed you the property now.

Get An Option To Buy The Property – If you think the property will be going up in value, get an option on the property to buy it at a fixed priced at some point in the future.

Ask For Owner Financing From The Seller – If the property is owned without a mortgage or has a lot of equity, ask the seller if they will consider accepting payments instead of being cashed out.

Now, armed with that list above, you can use your creative thinking cap to go out and see just how you can structure deals to adapt to our current market conditions.

Until my next post,

James

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