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Updated over 3 years ago on . Most recent reply

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Anna Bee
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Votes |
38
Posts

Is it possible to put 10% down for investment property?

Anna Bee
Posted

I live in WA, and it is hard to get 20% on properties I'm interested in. Currently, I own a home and I was wondering if there is any other solution, I could purchase an investment property, second home, or similar with 10%. I had people suggesting cash out or HELOC, but I really don't like to risk the peace of mind I have with the home I own with refinancing it again.

Any other suggestions?

  • Anna Bee
  • Most Popular Reply

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    763
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    Karl McGarvey
    • Real Estate Agent
    • Houston, TX
    499
    Votes |
    763
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    Karl McGarvey
    • Real Estate Agent
    • Houston, TX
    Replied

    If you were to buy a vacation home some where, you could rent it out as an STR part of the year, but you cannot use it solely as an investment property. Vacation home loans can be as low as 10%.

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