Hey I'm looking to buy my first house, the seller is asking $130,000 and I think I can get the house for $115k based off the comps in the area. I got with a mortgage broker and they told me I would have to put 15% down on that house since I wouldn't be personally living there (I'm going to rent it out). That leaves me with an estimate of $800 mortgage per month if I put the minimum requirement ($19,500) down on a $130,000 house. It's a long time renter living in the space now that has no intentions on leaving and she is paying $1,200 per month. Is there anyway for me not to put so much of my own money down up front. I have the money to do so I just want to get another house within 6 months of this so I'm trying to horde as much money as possible. Thanks for the help!

99.9% of lenders are going to require you to put money down, but there are strategies that allow you to leverage unsecured lines of credit (business and personal) so you don't have to put down any of your own $$.