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Updated over 4 years ago on . Most recent reply

Peter Holland's profile image
Peter Holland's profile image
Peter Holland
  • Real Estate Agent
  • from Rhode Island
  • Member since May 11, 2018
Connect

User Stats

10
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4
Votes
Peter Holland's profile image
Peter Holland's profile image
Peter Holland
  • Real Estate Agent
  • from Rhode Island
  • Member since May 11, 2018
Connect
Peter Holland
  • Real Estate Agent
  • Rhode Island
4
Votes |
10
Posts
Buying & Selling Real Estate

Down payment for conventional financing

Peter Holland
  • Real Estate Agent
  • Rhode Island
Posted

I have an investor I'm working with to help locate a property to use the BRRRR method. He has hard money financing lined up. However he's looking into doing conventional financing as a secondary option. I've spoken to a few lenders and they are saying he will have to put 25% down as a non-owner occupant. I always thought that you could do a 20% down payment in this situation. Can anyone provide any insight?

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