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Updated about 2 months ago on . Most recent reply

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Rodger P.
  • New to Real Estate
  • Hinton, WV
0
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Financing a down payment

Rodger P.
  • New to Real Estate
  • Hinton, WV
Posted
Hi there. I want to use my equity for a down payment on my second investment and want to know if anyone has experienced issues with financing both a down payment and the mortgage. If so can you share those issue and what you did to overcome them?

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Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
5,389
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Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Rodger P.

short answer - this doesn't work, you'll just lose money servicing the total debt.

save up more cash.

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