How to Effectively Utilize Hard Money for Your First Deal?

[Kyle Lauriano]

Hi All, 

New buy and hold real estate investor in the Lehigh Valley area, and my question is how to creatively finance an SFH or MFH utilizing hard money lenders to lower your capital needed for a down payment? Also, once I use an HML for the down, could I further increase my leverage with a renovation/construction loan on top through the bank?

Please let me know your thoughts on this, 

[Aaron K.]

@Kyle Lauriano no not really, most lenders don't like that either especially if you will have a high debt to income ratio or questionable credit. Savings is best and depending on the type of loan (usually FHA) there are restrictions on family loans (must be gifts)