I was curious if anyone can help shed some light on a few scenarios that I am currently considering.
There is a great 2 family home opportunity but the issue is coming up with the 20% down payment.
Will a bank even consider a business proposal to try to get a small business loan to cover the entire cost of the house.. We can show that the rent will provide a small positive cash flow, and the house will appreciate due to work being put in to the house.
Or is it more common to get a loan for just the down payment amount and then get a mortgage to cover the rest of the house?
Thanks!
