Minimizing downpayment for 5th mortgage (a duplex)
Long time lurker, first time poster.
Over the last 18 months I've purchased 4 buy and hold properties and I just signed a purchase agreement for my 5th, a duplex is Grand Rapids, Michigan.
Every property I've purchased cash flows well and I'd like to keep snapping up as many as possible. In order to do so, I'd like to minimize my downpayment on the duplex I'm about to purchase. Are there any banks (local or otherwise) that will require less than 25% down?
Thanks in advance!
Pete