Updated almost 2 years ago on . Most recent reply
Short Term Loan
Just getting started in Real Estate investing. I currently have a deal in progress (fix and flip) with a hard money loan. Being a first timer the down payment used more of my personal cash than I anticipated but I understand that's just part of getting started. I have found another deal, quadraplex with all units rented, that I want to purchase using a conventional loan. My challenge is the down payment considering a large part of my investment money is tied up in the other deal. The loan could be paid off with my earnings from the flip. Does anyone have any suggestions for a short term personal loan that I can use for the down payment? I know of the obvious options but wanted to see if anyone had other creative ideas.