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Updated over 3 years ago on . Most recent reply

User Stats

100
Posts
26
Votes
Owen Thornton
  • Rental Property Investor
  • Charlotte, NC
26
Votes |
100
Posts

Debt and Downpayments

Owen Thornton
  • Rental Property Investor
  • Charlotte, NC
Posted

I was curious if you wanted to take on a large amount of debt and get in on a deal for little down, or multiple, could you try to get ahold of say a 500k property, and get a 100k loan, where you then pay the downpayment with the loan?

I know there are some lenders who do not care where the down payment money comes from, rather care for the DSCR.

I was curious where besides your own network you could get a loan like this... could you use P2P lending? Like Lending Tree? Has anybody every tried looking into this?

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