All Forum Posts by: Greg Satter

Thank you @Pete M., Steve Goldman, and Mike D'Arrigo for your input.  I am reaching out to various lenders to explore my options.  I am very eager to do my next deal and build my portfolio. 

Hi BiggerPockets!

I think I have found my first deal and would like advice on how to close the deal financially. I’ve been approved for a mortgage but must put 20% since it is not my primary residence. Can I get a loan for less than 20% down? If I borrowed hard money for the six months until I can refinance, how many points would be reasonable for me to pay? I have reserves but don’t want to drain my savings. I am looking to secure approximately $50,000.

Thank you in advance,

Greg

@Pete M. thank you for providing me the above information.  It points me in the right direction.  I am hoping to get my money out quick so I can go another deal.  Thanks again!

Hi BiggerPockets Forum! In August I pulled the trigger on my first deal using a HELOC. I am looking to refinance prior to the six-month mark so I can pull my cash out and do another deal. Are there ways to do that? I am new to real estate. I live and plan to invest in the Kansas City area. Thanks in advance!!