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Advice on down payment for investment property
Posted on 8/13/24 at 12:40 pm
Posted on 8/13/24 at 12:40 pm
Interested in purchasing our first investment property for short term rentals on Mississippi coast. Have the necessary down payment and great credit score but don’t really want to give up all that cash. Are there lenders that will do less than 20-30 percent down?
4
Posted on 8/13/24 at 12:50 pm to tbo
for a rental? hardly. most are at 20-25%. if not more for a private mortgage.
you might find one at 15% down somewhere.
you might find one at 15% down somewhere.
Posted on 8/13/24 at 1:21 pm to Fat Bastard
Yeah rare to find less that 20% down
Maybe on a fix/flip
Posted on 8/13/24 at 4:40 pm to tbo
quote:
but don’t really want to give up all that cash.
Can you do a Heloc on your home?
Posted on 8/14/24 at 8:47 am to tbo
Not in my experience. 20% is what I pay.
Posted on 8/14/24 at 9:04 am to tbo
quote:
Are there lenders that will do less than 20-30 percent down?
Not in my experience. What loan product are you planning to use?
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