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Sean McManus's profile image
Sean McManus's profile image
Sean McManus
  • Rental Property Investor
  • from Winston Salem, NC
  • Member since Oct 22, 2019

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Sean McManus's profile image
Sean McManus's profile image
Sean McManus
  • Rental Property Investor
  • from Winston Salem, NC
  • Member since Oct 22, 2019
Sean McManus
  • Rental Property Investor
  • Winston Salem, NC
1
Votes |
10
Posts
Private Lending & Conventional Mortgage Advice

Looking to purchase a fourplex, down payment trouble

Sean McManus
  • Rental Property Investor
  • Winston Salem, NC
Posted

I am looking to purchase my first property, it is a fourplex. I have some money saved up but not enough for the 25% down on a conventional loan. What are some of the best alternative ways to finance or come up with the down payment? Thanks in advance!

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Anthony Wick's profile image
Anthony Wick's profile image
Anthony Wick
  • Rental Property Investor
  • from Ankeny, IA
  • Member since Aug 10, 2017

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Anthony Wick's profile image
Anthony Wick's profile image
Anthony Wick
  • Rental Property Investor
  • from Ankeny, IA
  • Member since Aug 10, 2017
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
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2,834
Posts
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

@Sean McManus

Shop around. I’m getting 20% on 2-4 plexes. 25 year amort, 7-10 year balloons. Last one was 4.6% interest.

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