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Updated almost 12 years ago on . Most recent reply

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212
Posts
8
Votes
Dee Xixi
  • Real Estate Investor
  • waltham, MA
8
Votes |
212
Posts

Same day loan as your down payment

Dee Xixi
  • Real Estate Investor
  • waltham, MA
Posted

Hi All,
I am looking for ideas to come up with a down payment. Same day loans come in mind but I wonder if anyone here ever try and the prons and the cons.
the scenario, I am buying a multifamily property, I find a hard money lender for 70% of loan so I am thinking ways to come up with the 30%.

Most Popular Reply

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5,732
Posts
8,887
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
8,887
Votes |
5,732
Posts
Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

The days of 100% financing by borrowing the down payment died around 2008. All lenders now want to see the borrower have their own cash at risk.

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

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