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 Bank Loan

Bank Loan Creative Real Estate Financing Technique #9

A bank, bank loan and other types of lenders will make loans based on your signature or perhaps the equity you have in a car, boat, or other property. 

Demonstrate your ability to repay these loans by working with a few local banks. Start by borrowing small amounts and repaying the loans earlier than agreed, this will turns you into a solid business partner for present and future transactions. With this technique, building up a line of credit with two or three banks in not difficult. 

You will also find that the seller can be a good source to lend you the down payment. when the required down payment is only a few thousand dollars, or when you are a few thousand dollars short, a flexible seller may agree to a delayed down payment 6 to 12 months after closing. Offering the seller a high interest rate can help you do this. many sellers would find a 12% to 15% interest rate very attractive and might even spread the down payment over a longer period of time (for example,24 to 36 months). On a relatively small amount of money, the higher interest rate does not actually cost you that much more, especially because it is a tax deduction.

Specific Situations to Apply Technique #9


The Property

Property Offered Below Market

Low Mortgage, High Seller Equity

Owned Free and Clear No Mortgages

Low Interest Assumable Mortgages

Existing 1st or 2nd Mortgage Private

Unused Room (s) that Could be Rented


The Buyer

Cash for only Part of Down Payment

No Cash at All

Good Credit on Banks or Credit Union

Lump Sum Cash Due Soon

Large Monthly Income

You Know People with Cash to Invest

Equity in Real or Personal Property

Dead Equity


The Seller

Needs All Cash for Equity

Outstanding Financial Obligations

Large Capital Outlay Coming Up

Must Sell Immediately

Bank Loan to FHA Loan