Account Closed
Borrow for Down Payment
I'm eligible for a loan from Lending Club for $24k. Can I use this money as a down payment for a conventional product/hard money skin in the game? Or is there some rule that bans borrowing for a down payment?
Jeffrey Xenakis
Financing / Down Payment Help
Good Evening All!I am starting to look for my first 2-4 unit multi family and I will be living in one of the units. Can someone recommend a bank to work with for financing in the upstate New York area. Mid Hudson Vall...
Lucia Lilac
Brrrr Down Payment Question?
Hello BP! I am curious to know if anyone has purchased a Brrrr with 20-25% down and take a loan/mortgage out from the bank for the rest. I know most deals are done with cash, hard money lenders, etc... Is it possible ...
Billy Perez
Hard Money Down Payment
Hi everyone!
When working with a hard money lender, am I paying 20% of the whole loan amount (purchase+rehab) or just 20% for the purchase of the house? I hope that makes sense lol.
Eric Tilson
Down payment requirement question
In everyones experience which banks offer the lowest down payment on conventional loans for investment properties? The bank I use requires 25%, is that customary or relatively high?
Mary Margaret Bryant
Lower Mortgage Payment Ads
I purchased my first property about a year ago. I used traditional financing, owner occupied loan, and I house hack the property which allows me to live there for free. I have been receiving letters in the mail saying...
Isaac Rodriguez
NO Down Payment methods
I would love to know how you would go about not having to pay a down payment without having to use an investor's money or having to use a credit card.
Allen Martin
Help choosing payment software
Hey folks, I hope in the future I can return the favor of answering one of your questions. I need help choosing what is the easiest software or options used to bill tenants. I own a small MHP where the tenants are us...
Mary Faith Janson
BRRRR lenders - down payments?
Our small local bank has been great to help us set up Lines of Credits so we can buy BRRRR properties for cash, and then refinance. However, they will only consider a 5/1 ARM for the refinance part of the BRRRR strat...
Jorge Vazquez
Dividends vs. Rent Payments
One of the biggest reasons people buy stocks is to build wealth so that with financial independence, you can retire early. Many financial experts talk about the 4% rule: you can withdraw 4% of your capital every year ...