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Updated almost 12 years ago on . Most recent reply
Same day loan as your down payment
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%.
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Don Konipol
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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
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