All Forum Posts by: Casey B.

@Chris Mason thanks for the ballpark costs as well on the private lending and ARV loan suggestion.

Thanks for replies 

@Eric Dowling plan is to use it as two units, one being a rental and one being occupied by one of two investors in the property.

@Chris Mason Thanks. will ask about owner financing. not sure how private money with a second would work if we only have 10% down. could you explain it a bit more and associated costs?

Hi. Im looking for options to finance a 1.6 million dollar property in los angeles with probably 50-100k in renovation costs with a friend. It is a single family residential unit with a separate studio that one of us could live in to make it owner occupied. We could make it work with 10% down but banks ive called are telling me 20% minimum down. Ideally would like to include renovation costs in loan and avoid pmi. Any thoughts would be appreciated?