Updated over 5 years ago on . Most recent reply

Is 100% LTV possible?
Hi Guys,
Finally trying my hardest to get a property that I can hold and make some money on. Here's the question I have and I cannot find the answer anywhere. I found a property that is netting some pretty good returns, even with a property manager and maintenance already worked into the net operating expenses. I dont have very much of my own capital to put down, so I was thinking what if I was able to do 100% LTV? I'm thinking, if I put on the property a 30 year mortgage with 20% down, and that 20% down comes from a private money broker at 6-12% a year for 5 years, the property will still be profitable to the tune of a few thousand a year.
Will banks allow this? Would a private money lender go for a deal like this? I see this as a huge opportunity, especially if I could find and buy a few a year. Is that even a possibility?
Best,
Steve