Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

9
Posts
2
Votes
Sean Blanchard
  • Chalmette, LA
2
Votes |
9
Posts

Realistic? Or a pipedream?

Sean Blanchard
  • Chalmette, LA
Posted

Hey BP,

I was wondering if anyone could tell me if this idea is realistic, or just hopes and dreams. To finance my first property, would it be possible to get a loan for the down payment, and finance the rest through either a mortgage or private lender? I was specifically thinking of either a signature loan or a loan through something like LendingClub.com, which is a peer to peer lending site. That would cover most, if not all of the down payment. Then, finance the rest of the deal through something like a hard money lender. Is that possible? Has anyone tried that strategy before?

This would be for my first deal, and I am in the New Orleans, LA area.

Any and all advice and insight on this is greatly appreciated!

Sean

Loading replies...