Found a nice multi family, but can't afford 15%-20% down payment

[Sawyer Scott]

I'm looking to purchase my first income property, preferably a multi family. I'm in the mid Michigan area and found a nice duplex that would yield a very nice NOI. However, I can't afford the 15% to 25% down payment required by my loan officer.

Has anyone else experienced this? What are my options? Also if there is anyone in the area willing to partner up please reach out.

Cheers

Sawyer Scott

[Drew Sygit]

Try seller financing (land contract) for a minimum of 15 months, so you can then refi out of it (if enough equity).

Otherwise, find a partner.