Newbie Investor Seeking Help
Aloha,
I am trying to overcome a barrier in my pursuit to accomplish my first investment property journey. I been looking for a STVR in Kona side but prices are ranging between 425k-550k for 1 bed 1bath condos. My barrier is that I am looking to do convention financing as a second home which would allow me to do 20% down but I would only qualify for 370K. In order to raise my mortgage finance amount I need to come up with at least 25%-30% down payment. I am trying finance 425k comfortably but will be short 37K (if 25% down). I have 70K to put down but it's not enough. Seeking help if there are anyone willing to gap fund 37K. Please DM me your terms. I would love to know my options in this situation. Mahalo!
Darrell