All Forum Posts by: Fred Watson

It’s for a second investment property.

Does anyone know a lender that would be willing to accept a 15% down payment on a multi-family property? The property costs $115,000.

Would anyone know of any local banks in Memphis that fund smaller amounts to out of town investors? (less than $100,000)

I'm currently trying to get my first investment property and I'd like it to be a small multi-family property (3-4 units). I only have access to $25,000-$30,000 through a HELOC. What would be the best strategy to utilize this money to buy my first property?