Mortgage Page Finance Your Las Vegas Real Estate While many real estate buyers and sellers immediately think of the bank or the mortgage company as their sole financing option, there are many other possible ways of financing a real estate transaction. Hard Money Lenders – if you are not averse to paying a higher interest rate and points you can often borrow funds quickly from a hard money lender to purchase a real property. Usually their loan-to-value requirements are more stringent than the bank, but many other requirements regarding income and assets become unimportant. Seller Financing – When financing real property becomes difficult, owners of vacant land are often open to seller carry-back financing, also know in some states as land contracts or purchase money mortgages. Friends & Family – While this may be a last resort, borrowing from friends and family and possibly giving them a portion of the potential profits is an option if you are turning every stone. Using Your Retirement Funds – Self-directed IRA funds can usually be used to purchase investment property. Check with your accountant to be sure. Using Your Business Funds – If you can’t buy a parcel of real property with your own assets, if you business has the funds you could purchase it with business assets. Lease with an Option to Buy – In slow markets it is at times possible to offer an owner a cash flow without a cash-out. While leases with options to buy are difficult to negotiate, at times they can work for the buyer and the seller. Exchanges – If financing becomes impossible, consider an exchange or a partial exchange that includes personal property and some cash. There are other creative financing methods available to you, but I hope that this article has provided you with some options that you may not have thought of. Copyright 2008, Glenn Rigdon, Horizon Village Realty