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.
Creative Real Estate Financing
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 over 9 years ago,

User Stats

32
Posts
2
Votes
Ryan Detzel
  • Wilmington, MA
2
Votes |
32
Posts

Creative way to finance when we already own a primary residence

Ryan Detzel
  • Wilmington, MA
Posted

I want to try a flip first to see if A) I can handle the time commitment and B) is it a good way to raise funds for future investment properties. My question is what's the best way to get a loan without the 20% down?

  • We currently own our house so this would be a second home
  • We have credit scores in the 800's
  • We make ~$250k/year

We have (or better yet, my wife wont let me) spend that much on a downpayment so I need to get creative.

Do I have any options or should I save/convince her to risk some money on this?

Loading replies...