Does lending really have to be this difficult?

[Adam Elbary]

Hey there everyone, first time investor here starting my journey for long term buy and holds in central Florida!

Im having a difficult time with the lenders ive been dealing with. Here's the jewel of it.

My partner and I are looking to get financing on a Tri-plex in Central FL, we will be splitting the down payment.

We'd really love to get into the property with 20% down max if not less, most conventional lenders ive spoken to have said they cant get anything under 25% on an investment property, But I'm determined to find one that can. whether it be DSCR/Rental loan, conventional or whatever products are available to fit with our goals and criteria while stilling giving us some scaling capability as were not looking to stop at this property, hopefully 2 more multifamily properties to acquire in the next year to 18 months!

Would appreciate any lender referrals, insight or different approaches anyone might suggest!

Pretty excited to interact with the BP community and grateful for everyone on here trying to help up and coming investors like myself.

Thanks a lot in advance everyone! #TakeAction

[Raymond J. Rodrigues]

All conventional lenders will require 25% down payment for an investment property that is 2-4 units. There are portfolio lenders out there that will finance a 2-4 unit with 15% down payment depending on credit score, income documentation, etc.