I am getting into my first multi family duplex an triplex properties. I have identified properties and ready to buy however I am looking for a 10% down payment option. Talked to big banks they all want 25% down payment.
Any advice how to get funding with 10% down payment on multi family property?
My price range is 130-150K
Hey @Alex Babayev . Congrats on getting into your first multi family deal. I'm not aware of many big banks that will fund this at 10% down. I would suggest contacting some local private lenders. Their terms are often flexible depending on the property.
Send me a DM. I may know a few that might consider it.
Buy as owner occupant, move in for a year and then rent out your side as well
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