Down Payment Downer
Been investing a while, but new to BP.
I am looking for another property, I don't have a preference if its single family or a quad. Both fit into my strategy. My current dilemma is that every bank & lender that I have spoken with wants 30% down. I understand their position on wanting to make sure that I have some skin in the game, but this has severely slowed down my rate of purchase.
With the exception of a few ups and downs and a little learning curve, everything that I have purchased so far is cash flowing well. Just trying to figure a way around high down payments, or find lenders who are open to lower DP's, ie 10-20%.
Thanks,
Jesse