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Updated almost 5 years ago on . Most recent reply

User Stats

10
Posts
7
Votes
Daniel C.
  • Rental Property Investor
  • New York, NY
7
Votes |
10
Posts

House Hack Deposit Needed

Daniel C.
  • Rental Property Investor
  • New York, NY
Posted

Hey everyone, 

I am currently looking for a condo in upper manhatten that that I want to sublet a room in. I am already financed to 100% though a VA loan, however, I am being told by my broker that most sellers will still want to see a small deposit (5-10%) to show my commitment to the offer. I am looking in the neighborhood of 650k properties, so 35-70k. I have one property in Germany that I am trying to see if I can get a HELOC against. Otherwise, I've been told by hard money lenders that they can't support because I intend to live in the property.

Does anyone have any suggestions on how I can put together this deposit? 

  • Daniel C.
  • Loading replies...