Multifamily investment with 20% down or less

[Neha S.]

Hi everyone,

My name is Neha and I am planning to purchase a triplex in Massachusetts as an investment property. It is a gut renovation and everything is brand new. I also own another triplex for more than a year now. The triplex is selling for 330k and makes a monthly rental income of $3,700. I want to buy it with a down payment as low as possible. Can anyone tell me what my options are? Is it possible to get a loan with 20% down? 

Thanks,

Neha

[Charlie MacPherson]

@Neha S. I just talked to another lender who can do 20% down.  It's Lisa Larkin at Shamrock Financial.  I'll PM her contact info.

Just for full disclosure, they are not paying me for the referral.