Financing your investment

[Rigo V.]

Hello All!

I am fairly new to the game but I am looking to hopefully get my first property in a year. My question is around financing and was hoping you guys could clear any confusion that I may have.

1) I am looking to buy and hold properties and my understanding is that I will need 20-25% and 6 months of reserves for my first investment property. Is that correct?

2) Once I hit a certain number of properties I hear (4) I have to go through a commercial lender. Is that correct?

3) Do these commercial lenders require a larger down payment? 30%? And for what length of time? 15-30yrs?

4) Does it become harder to find financing after 4 properties?

I understand that it may vary by lender but I wanted to see what the norm is.

Thanks!