First Deal - need financing and down-payment help

[Nicole Davidson]

Thanks in advance! I have the opportunity to buy a home $200k undervalue. I only have half the downpayment that I need. Where can I get it? Financing with 25% down DSCR, but was thinking of switching to hard-money for less down and then refinancing out once tenant in place - only hesitating because I didn't want to lose the 2pts upfront. Thoughts?

[James Blair]

If home is truly $200K undervalued then you should not worry about the 2 points. Focus on closing the deal.