Is it better to have two private loans or a HML and private loan?

[Saleem Choudry]

I'm looking to invest in multi unit properties for long-term buy and hold and would need help financing. I'm hoping to get it 100% financed, but I know lenders have a maximum LTV which I think can possibly be between 60-80%. However, I would need to somehow come up with the remaining 20-40%. I was wondering if it would be better to do two private loans or one HML (first position) and a private loan (2nd position)

thank you for your help!

[CJ M.]

Quote from @Saleem Choudry:

I'm looking to invest in multi unit properties for long-term buy and hold and would need help financing. I'm hoping to get it 100% financed, but I know lenders have a maximum LTV which I think can possibly be between 60-80%. However, I would need to somehow come up with the remaining 20-40%. I was wondering if it would be better to do two private loans or one HML (first position) and a private loan (2nd position)

thank you for your help!

You'll probably get a lot of different responses here, but my opinion is, I never like being 100% leveraged. Some of the guru's talk and talk about no money down, yadda yadda, but that's just not the norm from what I've seen. Can it work though, yes, but have some skin in the game. Your financing should be based on your goals as well as your cashflow (after paying the mortgages, repairs, vacancies, etc.) HML are usually shorter term loans as well.