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Updated 3 months ago on . Most recent reply

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Any creative ideas for getting a down payment funded on an investment property?

Brittane Jenkins
Posted

Hello I am trying to see how I can go about getting down payment funding on an investment property. any ideas or creative options?

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Carlos Valencia
  • Lender
  • 92703
536
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326
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Carlos Valencia
  • Lender
  • 92703
Replied

Hello Brittane, 

You either will need to find other investors that will partner with you or if you have enough experience and the deal is good enough you might be able to get 90% LTV. Another option is to see if a private lender can lend you the down payment money as well. It will all depend on the deal and your experience. If you put yourself in the lenders shoes and think about the risk of the deal and worst case if the borrower defaults what is in it for the lender? If the lender keeps the property can they offload it for a quick profit or will they be stuck with a project that will cost them more money than what its worth if the deal did come thru. Things to think about when investing as its a two way street for the investor and the person with the money.

@Albert Bui @Matthew Kwan

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