All Forum Posts by: Nick Cannon

Hi Daria,

Thank you for the quick response.  I guess I need to dig in to see if that's a hard and fast rule.

Thanks again,

Nick

Hi Bigger Pockets Family,

I've been on here for months and am starting to get analysis paralysis!  I'm close to offering on my first buy and hold property (4-unit).  I'm also a new real estate agent so I contacted my local lender.  They told me that a 4-unit requires 25% down.  My question is whether that's a firm requirement?  Secondly, if it's not does anyone else have any other suggestions?  I have the money for 20% and the necessary repairs for the building I have my eye on.

Thanks in advance!

Nick

If you're looking for an investor-friendly real estate agent to market you rehabbed property in the Youngstown, OH market please reach out to me.  

[email protected]

330-614-7414

www.NickCannonHomes.com