All Forum Posts by: Miguel Rodriguez

I’m looking at a duplex to purchase out of state my lender says because it’s an investment property we have to put down 25%. Does anyone know if this is the only path? I’m looking to put down max 10% to 15%, 25% would deplete my entire savings on one property. Any help or advice would be greatly appreciated.

Hi @Caroline Gerardo

Thanks for the advice, we did ask for records and both tenants have been there for over 2 years with no missed or late payments.

Hello @Erik W.

Thanks for the assist and all the great info. We paid 300k with 10% down. Mortgage before taxes 1100.

Buying my first rental investment! I just went under contract for a duplex, it’s a 4/2 on each side with a 2 car garage on each side. Paid asking which was a little lower than comps (about 15-20k) but it was a for sale by owner. Mortgage + fees/taxes = 1600

Rented out right now through 7/22 at 1150 for each side. My realtor says after the lease they will rent easily for 1400-1500 for each side. I personally think we did well but I was wondering what you guys as the experts think? Any advise or opinions appreciated.