Hard money lenders

[Jacob Hollen]

Found a deal that will cash flow very well but my funds are limited, can I use hard money to pay the difference in the down payment? Property is 260k and makes $5400 a month, so plenty of room for cash flow, I only want to put down 10-20k can/will a hard money lender fund the difference?

[Darren Eady]

No, the HML will need to be in first position on title. You should work on pulling money out of other properties, etc. or find a partner to do the deal with the cash you'll need. Also, the first mortgage lender would probably not allow you to borrow down-payment funds from anyone who will not be an owner of the borrowing entity.