Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Leon Keeling
  • Rental Property Investor
  • Daytona Beach, FL
2
Votes |
5
Posts

Down payment

Leon Keeling
  • Rental Property Investor
  • Daytona Beach, FL
Posted

Does anyone know if it is feasible to still get financing putting 5% down? I'm just looking at options to start with as little money as possible. Thanks!

Most Popular Reply

User Stats

335
Posts
52
Votes
Chan K.
  • Lowell, MA
52
Votes |
335
Posts
Chan K.
  • Lowell, MA
Replied

@Leon Keeling If you are buying an owner occupy, then you can get in with 5% down or less. If this occupy home needs a rehab, there is also a rehab loan+mortgage option.

If you own a primary single family, but willing to rent out - you can still buy a new owner occupy multifamily with 5% given that you are willing to wait one year.

If you are purely buying non-owner occupy, the requirement is solidly 20-25% as mentioned by @Jimmy S. , unless you can find seller finance.

Vote for me if you like the answer - click vote on the top right side.

Thanks,

-Chan-

Loading replies...