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Updated over 3 years ago,
Creative ways to get 25% down payment
Hello,
I recently purchased a condo as an investment property. I had to take a HELOC out on my primary residence. I am now in the process of getting the home re-fi. How can I keep investing in real estate when I do not have 25% cash as a down payment and can no longer draw from home equity? There is also not enough equity to draw from in the condo, as I just closed. There is a multi I am interested in and I have a relationship with the mortgage broker as he is a friend of the family. He would lend but I still need the 25% down. Any ideas would be appreciated.
Thanks!