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Updated about 3 years ago on . Most recent reply

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338
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Brad Jacobson
  • Realtor
  • Ogden, UT
414
Votes |
338
Posts

Creative Ideas for Down Payment

Brad Jacobson
  • Realtor
  • Ogden, UT
Posted

Hey BP Team,

I have a client who's currently under contract on multiple properties (all great deals) but is getting into a position where his down payments funds are getting exhausted as he builds his portfolio.

Ideally, he'd prefer to not bring in a capital partner though we believe that would be the easiest solution.  We've also tried seller financing and unfortunately it's not available here.  We don't believe hard money would fund a down payment as the hard money lender could only take second position and the down payment has to be sourced properly.  

What are other creative ways you've found to fund a down payment for traditional financing?

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