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Updated about 5 years ago on . Most recent reply
Hard Or Private Money for down payment?
I am looking to get my first Multifamily Property. I do not have enough cash save up for a downpayment. Can I use Hard Money or Private Money lenders as a downpayment?
Most Popular Reply
@Souleymane Hanne
Ask the seller to carry the down payment. Its called seller financing. Let them know its the only way you can get the deal done, depending on their motivation they may agree. I have many properties where the seller carried the down payment.
Listen to episode 1 of my podcast “No Money Down Real Estate Investing” on itunes or spotify. It should help a lot! I go into a lot of detail about seller financing on there. Message me if you have any questions!