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 3 years ago,

User Stats

2
Posts
0
Votes
Bogdan Petrovic
0
Votes |
2
Posts

Combining Private money lending and HELOC

Bogdan Petrovic
Posted

My first time posting here but hopefully I will get some good answers,

I found an off market deal [SFH 3/1 with an additional dwelling unit, rented for $1500 + $900, priced at $275k]. My income is not sufficient and I would never be able to get conventional financing, however I found a Private Money lender who would borrow me 75% of purchase price with 24 month balloon payments. I still need to come up with the rest of close to $50k after I put some of my savings towards. Please help??
Could I get another personal loan or how do I structure this deal?

Loading replies...