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Private Lending & Conventional Mortgage Advice

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Robert Guilfoyle
Pro Member
  • Mount Laurel, NJ
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125
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25% Down on a 4-unit Rental Property??

Robert Guilfoyle
Pro Member
  • Mount Laurel, NJ
Posted Jun 26 2017, 10:16

I am putting in an offer for a 4-unit rental property.  I just spoke with my mortgage guy and he is indicating I need to put down 25% since it is a rental property?  I thought I could do a 20% down payment?

Thoughts?

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