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Updated 2 days ago on . Most recent reply
DSCR loan AND loan for Down Payment?
Hi amazing BP community! I've had such great success in connecting here!
i have a Buy and Hold opportunity in Memphis and am reaching out for a DSCR loan, but also am looking to find ways to finance my down payment and closing costs, and hope to make the number still work. Any thoughts, plans, schemes I could consider to accomplish this?
Most Popular Reply
Caleb Brown
#2 Real Estate Deal Analysis & Advice Contributor
Agent
#2 Real Estate Deal Analysis & Advice Contributor
- Real Estate Agent
- Kansas City
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Caleb Brown
#2 Real Estate Deal Analysis & Advice Contributor
Agent
#2 Real Estate Deal Analysis & Advice Contributor
- Real Estate Agent
- Kansas City
I would not leverage the DP. You could have someone loan you or do a private loan but that's way too risky. Save up the DP then do it. If you are wholesaling focus on closing deals and saving up
- Caleb Brown