Quote from @Evan Alexakos:
Quote from @José López:
Hard to save a 20% for a down payment but still looking for alternatives like Credit cards, personal loans, hard money lender and even my car, after i finish my degree.
Hey Jose,
I can't lie and say that I know the best ways to leverage money; however, I don't think credit cards are the best solution due to the amount that you'd need for real-estate, the potential high interest rate, and possibly ruining your credit. All that said, I would highly recommend getting more opinions on ways to get the money needed for a 20% down payment.
Hi Evan,
I try with local small banks, well know banks, hard money lender, investor. All of them require a down payment that will take years, even décadas for a average worker to get. That is why people use heloc, personal loans and credit cards for the down payment. My master degree in finance is like decoration in a christmas tree.
