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Updated 6 months ago on . Most recent reply

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Tramaine Robinson
  • Accountant
14
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19
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Down Payment - Rental Properties (2-4unit)

Tramaine Robinson
  • Accountant
Posted

Hello all, looking for any lenders/banks that require 10-15% down payment on rental properties (2-4 unit's) depending on LTV.

From what I seen with traditional banks they all want 20% down and more. Any recommendations are welcome.

Am in the Wisconsin area.

Most Popular Reply

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6
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4
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Alexander George
  • Lender
  • Nationwide
4
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6
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Alexander George
  • Lender
  • Nationwide
Replied

You are right. 80% is the best you will probably get. 85-90% LTV is only for special situations. If I were you, I would look to raise equity. Or buy cheaper rentals...

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