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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateRENTAL PROPERTY
Pete Krzak's profile image
Pete Krzak's profile image
Pete Krzak
  • Member since Feb 10, 2010
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Pete Krzak's profile image
Pete Krzak's profile image
Pete Krzak
  • Member since Feb 10, 2010
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Pete Krzak
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14
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Buying & Selling Real Estate

RENTAL PROPERTY

Pete Krzak
Posted Feb 22 2010, 06:08

I need to verify if this is true. First off I am looking to buy this deplex for $109,000. There is a tentant living there now and another that wants to move in around April. I want to purchase the property but they are telling me since it is an investment and I don't want to live there its 20% down payment. I would like to only put down around 3% on an FHA loan. Is there anyway other than living there to get around putting up the 20% down. Please HELP!!

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