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Updated 11 months ago,
Silent Second Lender
Hi all -
I am a real estate investor looking to grow my portfolio. I have about $100k available in cash to buy my next few investment properties. I am looking for turnkey homes in the $60-85k purchase price range ( I have several I am actively pursuing) I am hoping to keep as much of my capital as liquid as possible for payment reserves/CapX that may arise.
I am looking for a silent second investor to assist on down payments. Maybe in the form of a line of credit or note. Has anyone found any private lenders that have an appetite for such deals?
I am using a DSCR lender for the mortgage. 20% down