Less than 25% down on conventional investment property
Hello,
I have recently found what I believe to be a good deal on a four family residential property. I am planning on purchasing as an investment property and NOT using it as my primary residence. After talking with a number of lenders, its seems my only option for conventional financing is to put 25% or more down (giving 75% or less LTV). Has anyone had any success putting less money down on similar investment properties?
Thanks,
Chris