There are still many other ways of finding financing. For instance, you can buy a home from a large builder who sometime offers a better financing package for early birds. These offers will usually go up to 5 percent of your total purchase price, which can be quite a big amount.
Some smart real estate investors like to take on a bit more of risks by purchasing and flipping the property right before the closing date. These investors tend to purchase the agreement and quickly search for another buyer, so they are actually selling off the property without even possessing it. Hence after the deadline, the property actually changed hands twice and the initial investor can make a profit of a few thousand to a few tens of thousand of dollars after the transaction. This could be a good way to earn big money for most experienced investors.
Acquiring a mortgage through partnership is another good way of financing especially for investing purposes. There are several types of partnership agreements in which one of those is both partners putting in the same amount of down payment. It can also be one party paying for the down payment and the other paying for the renovation and repair costs. So when the property is sold to a new buyer, the profits will be split accordingly among partners.
On the other hand, you can also use government incentive programs to help in your financing but you must first see the qualification terms and requirements. These sorts of programs are mostly available for people who buy the properties as their primary residence and it can be a good way to get in to the real estate market.
You can try to get more money by lending it from you friends or family but many lending institutions will require you to proof that the funds are given to you as a gift and not in the form of loan.
Always remember, the objective of investing in real estate is to turn it into a profit. However you can absolutely not expect to gain any free money from it.