Updated about 3 years ago on . Most recent reply
checking on loan information
Does anyone know if there is a loan that can be obtained that does 5% down on an investment property?
I am looking at a duplex for $180k. I don't have the 20% down. This would be my first investment property.
I am in a small area and these don't come up for sale often so I am trying to get it figured out quickly.
Even with only 5% down, it still has $300 in cash flow.
Most Popular Reply
Unfortunately, the answer to your question would be to call as many local banks as you can and ask around. Very time consuming yes, but once you find a good local bank you can work with, you can go to them in the future right away once you find another deal.