Creative Financing

**r2s** · 09-29-2009, 09:52 AM

Do all the creative financing methods you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. Simple ways to creatively finance any venture you would like to make are incredibly easy. First you must set a budget, calculate the amount of money you want to spend. Once you come up with that figure, take a look at your surroundings and find some things that can generate money for you. For example, if you own a land, look around it: do you have trees? You can call a timber company or a local saw mill and sell those trees found on your own land. You may ask yourself, will it take away the value of my property? The answer is no, it will not, instead it will add up some cash in your pocket.

Listed below are some tips and ideas to help you on how you can be creative in investing in real estate.

[LIST][*]Acquisition of a second mortgage

**Dionisia** · 09-30-2009, 08:09 AM

Originally Posted by r2s

* Find a loan on other property - If you pull out a home equity loan for a vacation and then overlook to use it for that, you can simply use it for the down payment on an investment property, without violating the rules of the bank that gives you the main mortgage. In other words, you got in with no cash of your own.

WOW I never thought we can actually get in without using your own cash
thanks for sharing this tip, Some people are having a hard time to get loans
for there are so many things to fixed before you can apply for a loan, good
thing that now a days many loan companies are offering such great deals
in order for them to retain their position among other competitors