OPM for Down Payment

Where do creative investors come up with the funds for a down payment on a purchase?

Perhaps they have their own cash to put down, and will use cash or a hard money loan for the balance. Most investors look for opportunities to use Other People's Money (OPM), whether it is the bank, a private lender or hard money. Most institutions or hard money lenders will require a buyer to put anywhere from 10-30% down on the purchase of an investment property.

Here are a few more creative ideas for finding OPM. You as an investors could:

• Use plastic and your cash advance limits.
• Tap another person’s equity.
• Tap equity in real estate that you already own.
• Title to your toys as security for a line of credit.
• Assume the sellers short term debts as your down payment.
• Transfer their VISA on to yours.
• Trade your skills and abilities as your down payment.
• Buy wholesale and give to seller as down payment at retail.

Any other creative ideas out there, dear blog readers?

Happy Investing!