Updated over 4 years ago on . Most recent reply
100% financing for properties
Are there any good 100% financing options with rental properties?
Most Popular Reply
Chris is 100% correct. Fannie/Freddie require 15% down on a SFR investment property or 25% on 2+ units. HELOCs and HE-Loans are always an option if you have another property. Seller financing is an option too if they are open to terms, but not always likely. Can't hurt to ask right?
If you refinance within 6 months though depending on how you do it, you may only be able to pull out 75% of your initial investment, so ask lots of questions before you do that. I would wait until the loan has seasoned/improvements made before going that route. Then you can pull 75% of the appraised value out in a refinance (80% on a primary res).
Cash is king! Good luck!