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Updated over 4 years ago on . Most recent reply

Greg Satter's profile image
Greg Satter's profile image
Greg Satter
  • New to Real Estate
  • from Kansas City, MO
  • Member since Aug 25, 2020
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Greg Satter's profile image
Greg Satter's profile image
Greg Satter
  • New to Real Estate
  • from Kansas City, MO
  • Member since Aug 25, 2020
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Greg Satter
  • New to Real Estate
  • Kansas City, MO
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Buying & Selling Real Estate

Creative Funding Advice

Greg Satter
  • New to Real Estate
  • Kansas City, MO
Posted

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

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