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Updated over 5 years ago on . Most recent reply

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64
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Darshil Parikh
  • Real Estate Agent
  • Austin, TX
31
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64
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Investment Properties with less than 20% down

Darshil Parikh
  • Real Estate Agent
  • Austin, TX
Posted

I have two rentals, both acquired through house hacking. I live in Austin, TX. Market has been hot for years now. Although, I can still cash flow in some areas, my money is tied up in other investments and liquidity that I need to maintain for two other properties.  We like where we live so don't want to turn our home into a rental.  I checked with lot of lenders, but none willing to finance without 20% down payment.  Anyone out there in my scenario or can anyone provide some insight?

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
3,434
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4,886
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

@Darshil Parikh would you break even for a year and then be able to move back in? How many bedrooms is your current house? You can do a lot if you're willing to take some risks and be temporarily uncomfortable by living in a house that would work as an investment.

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The Moorhead Team
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