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Andrea Flores
  • Traverse City, MI
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Common down payments on an investment property

Andrea Flores
  • Traverse City, MI
Posted
I was wondering what the normal percent down would be on a triplex purchased as an investment property. My loan officer right now is saying 30% down because it is three units. However I have never heard this, I always assumed it was standard 20% down, plus PITI. Can anyone give me a breakdown of what is normal down payments for different sorts of purchases??

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