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Account Closed
  • Los Angeles, CA
11
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33
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Financing an Investment Property WITHOUT Putting 20-25% Down

Account Closed
  • Los Angeles, CA
Posted

Hey BP, I'm looking for some advice 

I'm looking to purchase a property in a cheaper market a few hours away (I live and work in the Orange County, CA area, which tends to be a pricier market). 

Initially, when learning about financing options, I thought about going the FHA-route but I figured that won't work due to being a non-occupant. Further, I've been told that financing an investment properties typically requires a 20-25% down payment. Is there a way that anybody knows for me to attain a loan for an investment property without forking over 20-25% on a down payment? I'm trying to put as little money down as possible and leverage this property. For what it's worth, I make a good salary, have 790-800 FICO score, so I don't think qualifying should be much of an issue.

Thank you in advance!

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

you need a seller financed deal then.. banks are not playing ..

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