Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

101
Posts
14
Votes
Tina Jenkins
14
Votes |
101
Posts

I am in financing HELL Help!!

Tina Jenkins
Posted

I am having trouble figuring out which oan product to choose with what down payment I currently have 15,000. I have speken t several banks credit not an issue. the 4 plex I am looking at is 169,900 mad and offer for 140,000 contingent upon inspection etc. and 2% or half of the closing cost. I expect to meet in the middle somehwere. the banks want 25% down I only have 15,000 down any suggestions.

Most Popular Reply

User Stats

101
Posts
14
Votes
Tina Jenkins
14
Votes |
101
Posts
Tina Jenkins
Replied

FYI I turned a liability into an asset to get the 12,000 closing cost and down payment. My husbands truck that we use to pull our 44 ft. toy hauler RV from job to job was inconvently struck by lightening a month ago. We paid so much into the principle of that truck that we had push 12,800.00 in equity into it upon trade in. I have never heard of a truck being struck by lightening its almost a God send I was trying so hard to figure out how to get my closing cost down payment for this deal that the minute I stopped trying it slapped me in the face. I was also investing in some stocks that have recently started going crazy that has also helped me attain extra money to assist with fixing the 4 plex up and pushing the rents up more to increase the cash flow. It just goes to show that there is money every where in your life if your looking in the rite places for it.

Loading replies...