Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

202
Posts
82
Votes
Michael Williams
  • Rental Property Investor
  • Sacramento, CA
82
Votes |
202
Posts

Down payment for duplex?

Michael Williams
  • Rental Property Investor
  • Sacramento, CA
Posted

An owner of of a duplex (Both sides 1 bed/1 bath) in Sacramento is willing to sell his property to me ($475,000) in the next two months. I have nothing right now for a down payment, I'd need about 20%-30% as a down payment. Private lenders? Family? Hard money? Partnerships? How can I get a down payment for this property in the next 2-4 weeks?

Most Popular Reply

User Stats

2,711
Posts
1,467
Votes
Tom S.
  • Real Estate Investor
  • Burlington, VT
1,467
Votes |
2,711
Posts
Tom S.
  • Real Estate Investor
  • Burlington, VT
Replied

@Michael Williams  Your best bet is to make it your primary residence so the downpayment could be a low as 3.5%.  For funds, remember you're allowed to use 401k / retirement accounts, if you're comfortable with that.

Good luck!

Loading replies...