Mutlifamilly Duplex or Triplex

[Amy Mitchell]

Hi everyone,

It's been a while since I've posted in these forums, but here's a quick backstory. I have one investment property in Indianapolis that I purchased three years ago. It's a single-family home (SFH), and my goal has always been to purchase a duplex or triplex next.

Is it possible to purchase a duplex or triplex using a DSCR loan with less than a 20% down payment—ideally 10%–15%?

[Seth McGathey]

Hello, way to get started, that is the hardest part! 20-25% is the standard but you can find lenders that will do 10-15%. A lot of them are going to expect you to show you are experienced and know what you are doing, already have a relationship with you, verify it's a great deal, see that you have the assets to make them whole if it goes south, or some combination of the above. Best thing to do is just start talking to lenders, and eventually you will find one that at the very least will tell you what you need to do to achieve that down payment.