Hello All,

So I am looking to invest in a 2 family and they have accepted my offer. My first deal.  This will be purchased as an investment property and my lender has informed me that it will require a down payment of 25% in order to take advantage of a competitive interest rate. 25% will really take me to my max financially and wont allow for money to be put towards repairs and renovations for some time. I have considered taking on a partner but was wondering if anyone has some creative financial ideas to make this deal work with 20% down, not 25%. Im Soooooo close

There are commercial lenders that will do as low as 15% shop around a little, you'll find better than 25%

1. Find another lender

2. Partner up

3. Take the 20% down option and weigh it vs the 25% down option. How much are you really saving with 1/4% vs the thousands you'd save in putting down 20% instead of 25%? How much time would it take to save the equivalent of money from the difference in a rate discount vs less down? How much is that 1/4% saving you a month?

If you have direct contact with the seller, there are many creative solutions to make the most out of your deal. Could set up a land contract, and then create a note on the property and sell the note off. I have plenty of note investors who would buy

Hello all,
I hope I can get input on my situation as well. I am just getting started in real estate and have been prequalified to invest. However, I would need 25% down payment in order to make any investment work. One possibility would be to tap my 401(k), but then I would have to pay that back on top of the loan which I do not want to do. So I’m seeking more creative options if you can share. Also, If anyone also knows of someone who would be interested in partnering with on a deal in Maryland, please let me know. (I tried to post this separately, but for some reason couldn’t seem to get it started)

I don't want to spook the owner. It seems like an estate sale and they want it down fast with no complications. I am going to look into a local bank, but would love to hear more ideas. thanks all