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All Forum Posts by: Derek Leonard

Derek Leonard has started 1 posts and replied 2 times.

Post: Private Money Lending for Downpayment

Derek LeonardPosted
  • Posts 2
  • Votes 0

Happy Friday BiggerPockets Community!

Looking for some examples of private money deals where you worked with someone to fund only the downpayment and/or closing costs on an investment deal. I am looking at few small, multi-family properties that I have been able to qualify for conventional loans for but want to bring in private money to fund the $30-$80K down payment and closing costs. Open to any and all suggestions on best way to structure these deals. I know I am only limited by creativity and lender will be family friend so they are open to all possibilities as well. Thanks in advance!

Following for personal benefit as I am in a very similar position. Thank you for posting!