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23
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Scott McGhee
  • Plainfield, IN
5
Votes |
23
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Hard Money for purchase and P2P for rehab

Scott McGhee
  • Plainfield, IN
Posted

I absolutely know I'm not the first to come up with but I can't seem to find a thread talking about it.

To get as close to 0 down, utilize hard money for the purchase and peer to peer lending for the rehab.  I know @Dawn Anastasi talked about it in her Podcast, but she nor Brandon or Josh had tried it.  Am I missing something here?

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6,201
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
4,349
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6,201
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

@Mindy Jensen is correct -- I used P2P lending 3 times:

a) Property purchase of $24,900 and borrowed $21,000

b) Property purchase of $23,000 and borrowed $18,000

c) Property purchase of $24,000 and borrowed $30,000

So P2P can be used to buy entire houses or finance a large portion of them.

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