More money down on a deal?

[Eric Calabrese]

Hey fellow pocketers, so I’m officially pre-approved by two lenders which I will most likely go with USAA since not only is the rate cheaper but it lowers my car insurance but that’s another story. I noticed both lenders want 25% and I’m confused as to why. Is it because I just bought a property 8 months ago? If so will I have a harder time for property 3? Will they expect more down?

[James Mc Ree]

It would be best to ask your lender versus the uninvolved BP community.

But, since you asked, 25% is a common requirement for banks' best rate for investor properties.  You may be able to get 20% if you pay a higher rate, maybe lower with an even higher rate.