Financing for first property

[Nicholas Arthur Hogan]

What are the advantages and disadvantages of using private money? What kind of deal structures are most common? vs. personal financing when you don’t have a lot of capital to begin?

[Scott Passman]

@Nicholas Arthur Hogan I don't have any experience with DPA loans.  I know there are different types, but I don't know specifics on how they work.  Personally, if I didn't have the capital to make the DP I would be hesitant to buy a property unless you found an absolutely smoking deal. Sounds like DPA is basically just financing even more of the home which is going to reduce your cashflow and increase chances of putting your mortgage underwater if the market dips.