Creative Financing - Ten Ways
By Steve Gillman
Do the creative financing techniques you read about really work? Yes, they probably have all worked somewhere for someone at least once. The point isn't if they all will work for you. You just need to know what is possible, so you can find your own creative ways to invest in real estate. Here are ten ways to get you thinking.
1. Use hard money lenders. Ask around or find these online. They specialize in short-term loans with high interest. Typically, you use this type of financing for a "fix and flip." You can get the money fast, and if you make $30,000 on a project, who cares if you paid $10,000 interest in six months, right?
2. No-doc or low-doc loans. This means no (or low) documentation of your income or cr...
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