I'm looking to finance a second home ( rental property). I was wondering if there were any ways that I could avoid putting down 20%? Any assistance would help. Thank you!
Hello Gianni, here are my thoughts.
1. you could try to see if the seller would be interested in some sort of creative financing such as seller financing with no money down or less than 20% down.
2. you buy a second home or a vacation i believe those only require 10% down but you would have to use the property for a few weeks out of the year.
3. you could reach out to friends and family to raise the money and make them your private money lenders and pay them a return on their money.
best of luck