Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
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 13 years ago on . Most recent reply presented by

User Stats

212
Posts
8
Votes
Dee Xixi
  • Real Estate Investor
  • waltham, MA
8
Votes |
212
Posts

Same day loan as your down payment

Dee Xixi
  • Real Estate Investor
  • waltham, MA
Posted

Hi All,
I am looking for ideas to come up with a down payment. Same day loans come in mind but I wonder if anyone here ever try and the prons and the cons.
the scenario, I am buying a multifamily property, I find a hard money lender for 70% of loan so I am thinking ways to come up with the 30%.

Most Popular Reply

User Stats

6,630
Posts
10,429
Votes
Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, Ct
10,429
Votes |
6,630
Posts
Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, Ct
Replied

The days of 100% financing by borrowing the down payment died around 2008. All lenders now want to see the borrower have their own cash at risk.

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

Loading replies...