Stategies for down payment

[Nakia Addison]

I live in the Vegas Market. I found a duplex, assessed the numbers 4 ways and all outcomes of my analysis yielded great cash flow and COC ROI. However, I dont have 20% via conventional route for down payment. I do have money saved but mainly for closing cost. I won't be approve for FHA due to it already tenant occupied. Therefore, house hacking isn't an option. I'm not a veteran so that option is gone. I need assistance with creatiive strategies on how to approach this deal for down payment.

[Jeff Copeland]

1. Save money and wait.

2. Bring in a partner.

3. Hit the Vegas strip and hope for the best! (JK)

4. Use hard money instead and refinance later on if you can force appreciation.

Also, conventional loans for investment properties more commonly require 25% down (though this will depend on your credit, income, and lender).