Any way to cover Down payment with loan?

[Mekail Faquir]

I’m looking at purchasing my first properties, that being said I don’t have a substantial amount of $$ for a down payment. How should I go about this? Is there a way to secure a loan for the purchase plus Down Payment? Any bit of info helps thank you.

[Michael Ablan]

@Mekail Faquir - I've used Credit cards and personal loans to fund the down payment on deals. Becareful though, because CC debt drops your credit score, and personal loans rape your DTI. This is a very risky strategy, and I wouldn't recommend it without exit plans (alternative sources of funding, HELOC, accessible equity in other investments).