10 11, 2022

3 Creative Ways to Come Up With a Down Payment for an Investment Property

2022-11-09T00:49:21-05:00November 10th, 2022|Categories: Down Payment, Investing, Investment, Investment Properties, Investments|Tags: , , , , |

Though the most common way to come up with a down payment for an investment property - particularly for first-time real estate investors - is to scrimp and save until you have enough to take out a hard money loan, that's not always feasible. In fact, waiting until you have enough money saved up can seriously delay your investing plans. Fortunately, there are a few ways you may be able to get creative to come up with a down payment for an investment property, which this guide explains. 3 Creative Ways to Come Up With a Down Payment for an

1 03, 2022

Hard Money Loan Down Payment Requirements

2022-02-27T03:00:09-05:00March 1st, 2022|Categories: Down Payment, Hard Money Loans, Interest, Investing, Investment, Investment Properties|Tags: , , , |

Although hard money loans are very different from conventional loans, there's a good chance that you'll need to put down a down payment in order to borrow from a hard money lender. This guide explains hard money loan down payment requirements and how they affect your ability to borrow. How Much Money Do You Need to Put Down on a Hard Money Loan? Most hard money lenders require you to put down 10 percent of a home’s after repair value as a down payment. However, every situation is different, and you should talk to a hard money lender about your

14 09, 2018

What Are Proof Of Funds Letters?

2018-09-14T09:55:08-04:00September 14th, 2018|Categories: Down Payment, Hard Money, Investing, REIs|Tags: , , |

Proof of Funds Letters can help buyers get under contract quickly. They are a personalized statement that shows that you have funds set aside for a fix and flip real estate investment. A Proof of Funds letter proved that you have enough liquid cash to purchase your investment home. Why do sellers need a Proof of Funds letter? No seller would want to take a home off the market unless they know that a buyer can actually pay for their home.  So, buyers must provide Proof of Funds letters. Even if getting financed, sellers will want to make sure you

31 05, 2016

Creative Ways to Find Down Payment Funding

2016-05-31T10:00:51-04:00May 31st, 2016|Categories: Down Payment, Hard Money, Loan, REIs|

  As a real estate investor, you’re all too aware of the challenges you may face when you’re trying to find a down payment on house you really want to buy. Unfortunately, many people aren’t able to purchase the properties they want because they can’t fund the down payment—but as a real estate investor, you may be a little more resourceful than the average Joe. So how can you fund a down payment if you’re having a tough time? Creatively Funding a Down Payment Because a hard money loan typically requires you to contribute toward the property’s purchase, if you

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