Updated almost 11 years ago on . Most recent reply
Near 0 down payment for investment property
Hello everyone,
I just joined biggerpockets although I have been reading articles and forums for several months on the site. I have a question about buying my second investment property. I just got a Mortgage First fully underwritten approval from Quicken loans but I have very little for down payment. I have found a few properties I'd like make offers on averaging $100K purchase price. So, basically, my question is does anyone have ideas on how to get about 20K for down payment without using much of the little cash I have?
Thank you!
Most Popular Reply
#5 All Forums Contributor
- Plymouth, MI
Business Credit Cards. You can get them with a limited period of time at 0% interest. We get them for 6 -12 months that way.
Partners. They put up the 20% and get 20% of the deal...and any returns. This isn't a loan, they would be a partner, so it wouldn't have an impact on the loan.
Joe Villeneuve
REcapSystem
A2REIC