Updated over 16 years ago on . Most recent reply
2 Unit Multi-fam
Hi friends,
I am looking at this 2 unit property, asking price 129k, total rental income is 2275$/mo. property taxes are 2055$.
I would offer 120k, and which still looks like a great cashflow.
The problem is that lenders i talked to ask for 25% (bcz im buying as investment) and I don't have the cash.
- Is there a way to get a low downpayment (eg. 10% instead of 25%)
- What options do I have to get this deal started knowing that i have only around 15k or less in cash.
FYI: I qualify for FHA but I don't want it bcz I don't want to live in it, only for investment.