Using These Unique And Secret Methods That 90% Of People Don’t Know

I can’t count the number of people I’ve talked to who wanted to buy a home but couldn’t because they felt that they didn’t have a down payment.

However, the interesting thing is that many of these people didn’t even go to the bank to find out whether they can get a mortgage and what kind of down payment options there are.

But Gary, I did go to the bank, but they said…


Banks are a great first step but there are a lot of different ways Real Estate Investors get money.

1. Mortgage Brokers – Real Estate Investors love using Mortgage Brokers because these people have access to several lenders. They are not like the banks where they can only offer you their bank’s products.

Mortgage Brokers have access to multiple banks AND credit unions. They also work with other private lenders as well.

Mortgage Brokers are also always learning new ways to help their clients obtain financing and so sometimes where banks have their hands tied because of company policy, Mortgage Brokers can often think of creative ways to help you get the money you need.

Not all Mortgage Brokers have the same real estate experience and knowledge, so make sure you interview a few before choosing one.

2. Joint Ventures – What do you do when you find a great but you don’t have the money? There’s a saying in real estate, “find the deal and the money will come”.

Real Estate Investors are often able to think outside of the box when it comes to this. They find the deal and are able to attract other investors to partner up to close the deal. These are often called Joint Venture deals. They partner with another investor to come up with the money to close the deal.

But how do they do that?

Well, there are a lot of ways to attract other investors. Many join local real estate investment groups like REAG (Real Estate Action Group) or REIN (Real Estate Investment Group) or they meet other investors at local Real Estate Meetup Groups.

I’ve even seen others who found great deals, then advertised them on Craigslist or local forums looking for other partners.

The key is not to look at the problem of “I can’t find other investors”, but turn the “can’t” into a “HOW”. If you can just take out the “can’ts” in your thinking and replace them with “HOWS”, I’m confident you’ll be able to brainstorm many ways to find other investors.

3. Vendor Financing – This is a creative option for many buyers who don’t have the down payment to get a mortgage. You basically approach the seller of a home and ask them if they would be your lender.

What does that mean? Basically, you ask them to give you a mortgage. Let’s say the home is $500,000 and the banks want you to have a 5 – 20% down payment ($25,000 – $100,000). You approach the seller, and you ask the seller if they could offer you a mortgage. In many cases, this is a win-win situation for everybody.

How does that benefit me?

First, the seller might not need a down payment or may want a smaller down payment.

Second, you are able to negotiate terms that banks often don’t have control over. For example, frequency of payments, extra payments, amortization length, interest rates, etc…

How does that beneficial the seller?

First, many sellers who sell their home aren’t quite sure what to do with all that money. If they put it in the bank, they’ll get a measly interest rate, so they’ll consider this option if the payment terms work for them (interest rate, amortization length, etc…)

Second, the seller may be willing to sell the home with vendor financing if there are other terms that benefit them. As mentioned above, if the seller can charge a higher rate than what the bank is charging, they may be tempted.

Also, for the seller’s inconvenience, the seller may decide to charge a higher price than what they are currently charging because they are accepting a smaller down payment.

Whatever the case, you never know until you ask. Most sellers also aren’t aware of this type of financing, so bringing this up opens up the negotiation process.

If you want the one of Vancouver’s most trusted real estate agents to help you find one the most affordable homes and use the strategies above then call Gary at 778-862-9787 or fill out this simple form.

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