- Find an investor with money and sell the contract. Make sure you include a cash assignment fee.
- Many buyers love to pay cash. If you have one that will pay 90 percent of the value, you can close simultaneously with having to raise the funds you need.
- Does the current owner have existing financing? Use that equity to fund the sale.
- You can borrow the money, although it is not the ideal situation. You can borrow form a lender or use one of your own lines of credit.
- Consider finding a partner. They can take the first or second mortgage but either way, you both make money off the deal.
The easiest way to make money in the real estate industry without making a huge down payment is by wholesaling. This is not the same as buying wholesale from a manufacturer but it is as easy. Let's say you find a great investment property. The owner is ready to sell at below market value-let's say $30,000. But you don't have the cash. However, you know someone who is an investor. You contract with the owner to sell the house and you give him a small deposit. You sell it to your investor for $50,000. You made a profit of $20,000.
No matter how you decide to deal, make sure you get everything in writing---down to the last detail. This is especially true if you are no putting up a large sum of money.