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Updated about 3 years ago,

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Derek Leonard
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Private Money Lending for Downpayment

Derek Leonard
Posted

Happy Friday BiggerPockets Community!

Looking for some examples of private money deals where you worked with someone to fund only the downpayment and/or closing costs on an investment deal. I am looking at few small, multi-family properties that I have been able to qualify for conventional loans for but want to bring in private money to fund the $30-$80K down payment and closing costs. Open to any and all suggestions on best way to structure these deals. I know I am only limited by creativity and lender will be family friend so they are open to all possibilities as well. Thanks in advance!

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