All Forum Posts by: Aaron Rudd
Aaron Rudd has started 1 posts and replied 2 times.
Post: Looking for unique ways to come up with a 25% down payment.
Aaron RuddPosted
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Yes. The lender is requiring 25% down. The property is a "triplex" but is set up as a boarding house. It has 2 units that are 2 bedroom 1 bath and then has 6 bedrooms that share a kitchen and bathroom that are being rented out.
Post: Looking for unique ways to come up with a 25% down payment.
Aaron RuddPosted
- Posts 2
- Votes 0
I am looking for unique ways to come up with a down payment. The property I am interested in buying needs some work and the seller is extremely motivated to sell. Here is my question....
If we agree on a price that is much lower than the value of the property, can I use the difference for the down payment? Do lenders allow that? Thank you!