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All Forum Posts by: Mark Weinberg

Mark Weinberg has started 22 posts and replied 22 times.

Post: Can 10% down payment get you an investment property?

Mark WeinbergPosted
  • Rental Property Investor
  • Largo, FL
  • Posts 23
  • Votes 2

Can 10% down payment get you an investment property (buy and hold) with a conventional lender or a private money lender?  I have seen many lenders sites showing 20% down payment for the buyer to bring to close the deal.  I understand lenders want buyers to have skin in the game but will they except a smaller down payment in order to close the deal?

Post: Using a Fix and Flip Loan for a Buy and Hold strategy

Mark WeinbergPosted
  • Rental Property Investor
  • Largo, FL
  • Posts 23
  • Votes 2

I have found a fix and flip lender online that will provide 100% financing for a property and then provide 90% of the rehab costs.  What I would like to do is get the property financed 100% by the lender, don't do any rehab on the property since the property is in good shape, and just refinance the fix and flip loan to a long term mortgage.  Is this possible to do?