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Updated 13 days ago on . Most recent reply
Chris PeregoyPoster
#3 Creative Real Estate Financing Contributor
#3 Creative Real Estate Financing Contributor
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DSCR loan AND financing down payment?
Chris PeregoyPoster#3 Creative Real Estate Financing Contributor
#3 Creative Real Estate Financing Contributor
- Wholesaler
- Southern California
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
it will be messy because you have no skin in the game. If you don't have cash for the deal, then I suggest the deal not be done. That being said, there are lenders who will not source funds, allow seller seconds, DP loans, etc.
- Jake Yuskaitis
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Frontier Funding LLC
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