All Forum Posts by: Brett Davis

Thanks for the heads up on the 25% down payment @Zeke Liston! Bummer. Also, thanks for the info on the other strategies regarding SFH's. I appreciate it!

Thanks for the insight @Landon Bleau! I'll look into this option if I can get the property at a discount. 

Any lenders out there know if there is a way to purchase (buy/hold) a residential (quadplex or smaller) investment property with less than 20% down? I am looking to purchase out of state so I cannot make it my primary residence but would like to know if there are any loopholes or other strategies to get the down payment lower? Thanks in advance!

Thanks for the encouragement and the insight @Zander Kempf! I actually have a friend who syndicates mobile home park deals in AZ which seem to have decent returns. I have thought about investing with him and have not ruled it out yet but I do like the idea. It is great to be hands off but I do like the idea of having a little more control over my investment. Either way it is good to have the alternative option(s). 

Thanks @ Suzanne Player! I will check that out!

Hey Everyone! I am a newer investor from CA and am looking to buy/hold a small multi-family property (quadplex or smaller) out of state (cosmetic fixer would be preferred). I know the majority of markets out there are heavily in favor of sellers but I know there is still opportunity. I plan to finance the deal with a conventional loan (20% down payment) and am hoping to find something under $300k which I know limits my pool to choose from greatly. I would like to zero in on a decent market and then reach out to agents, PM's, lenders, & contractors (core 4). I then plan to fly there to tour the areas and meet/interview with the core 4 prospects. With all that said, I would like to get some opinions on good locations to invest and any tips on how not to drown myself in analysis. Due to my location in southern CA I have been focusing on TX, AL, & FL which seem to show some promise in regard to cash flowing properties. Any advice is greatly appreciated! Thanks in advance!