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Updated over 6 years ago on . Most recent reply

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13
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Tim Foster
12
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13
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Borrowing down payments

Tim Foster
Posted

So I have been reading Brandon's book on creative financing.  I just finished the chapter on using home equity loans or lines of credit.  I have some equity in our home and was thinking about taking some equity out for down payments on potential buy and hold deals, but every lender I have ever talked to has said you can not borrow the down payment.

How do you get around this?  I mean I know you can season the money about 60 days, but I don't want to borrow the money until I find a deal and need it, hence my delima.

Thanks!!

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