Creative Funding Advice

[Greg Satter]

Hi BiggerPockets!

I think I have found my first deal and would like advice on how to close the deal financially. I’ve been approved for a mortgage but must put 20% since it is not my primary residence. Can I get a loan for less than 20% down? If I borrowed hard money for the six months until I can refinance, how many points would be reasonable for me to pay? I have reserves but don’t want to drain my savings. I am looking to secure approximately $50,000.

Thank you in advance,

Greg