Down payments and lenders

[Juan Vargas]

Wondering if there’s some creative financing way to come up with down payment before purchasing the home. Or possibly give me some ideas on how you all did it when didn’t have money laying around. 

[Jason Wray]

Start with a Primary residence purchase and use a DPA - Down Payment Assistance Program. Once you havve built up enpugh equity you can use HELOC or do a cash out refinance. You may have to reimburse the DPA if you pull it out the first year or two. Its a great way to get into the REI game without having the cash needed for a DP or the closing costs.