Getting a Loan From Your Bank to Purchase Rental Property

[Stefon Bostick]

Hello All,

need a little help on an idea i am kicking around with little experience to fall back on so i'll jump right to it.  This may or may not make any sense at all to the more experienced so bare with me.  As of the beginning of this year i have finally been able to start saving money(because of a lower than desirable credit score) to put a down payment on my first rental property, a goal that has eluded me for years now due to the fact that something always pops up which stops me from saving the full amount.  I am now over half way there to having the money to put down and as of this year that "something" happened to be knee surgery im paying for.  My question is:  Is borrowing money from your bank to cover a down payment even a real option in this case?  If not, can anyone advise on some other options that may assist me the rest of the way in purchasing my first investment property?  Please advise with any thoughts.