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Updated almost 6 years ago on . Most recent reply

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Brian Egger
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Low Down Payments for Out-of-state / Multi-family Investors?

Brian Egger
Posted

Hi Milwaukee!

I'm a first-time, OOS investor looking at duplexes in town. I've found a couple strong deals, but haven't found a lender that will offer me under 25% down. I understand this is the norm, but is there any way to get a lower down payment than 25%?!

Thanks in advance BP!

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Jack Medford
  • Investor
  • Nipomo, CA
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Jack Medford
  • Investor
  • Nipomo, CA
Replied

@Brian Egger I've gotten 20% down from both Wisconsin River Bank and U.S. Bank. WRB has a lower minimum loan, but U.S. Bank has a better rate and amortization schedule. 

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