Down payment

[Daniel Phelan]

I have one rental property and am looking to get more but don't have the down payment for more properties is there a way to buy more properties without putting down 25 % I have excellent credit. Don't have a lot of equity into primary residence or I would do home equity. Any ideas would be helpful!! Thanks

[Craig Dangler]

Definitely want to make sure you have some reserves set aside for unexpected expenses as Jean had said. Lender's do offer conventional loans w/ only 5% down for primary residences. Maybe you just aren't happy with your current home and need to make it a rental and you could occupy another home. Who knows, maybe you'll get tired of living there after a year or so and may seek another primary residence.