Less than 20% down payment?

[Parag D.]

I am interested in a townhouse but I currently don’t have enough funds to make 20% down payment. I can make up to10% down. I have heard in multiple BP podcasts that it is possible to make less than 20% down, though local RE agent is saying that I would have to do a 20% down. Are there other strategies to make 10% down and still invest in a rental property? Would banks allow that?

Thanks in advance!

Parag

[Jinglei Cui]

you can do seller financing if the old owner is willing to work with you. and his part of the money can be used as downpayment