Updated about 7 years ago on . Most recent reply
Low Down Payment for Rental Property
I am considering buying a place, but lack the down payment. Seller financing is not an option. I have about 40-60K to put down, but from what I am reading 25% is normal which means I would be looking more at needing around 100K. So, the main option I have heard is find a partner. Contact banks and see what additional loans they can offer with lower down. Any other advice as I try and get into this business? Thanks in advance!