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Updated almost 7 years ago on . Most recent reply
Don't have 25% for down payment
I am looking to purchase my first multi family property in Worcester Ma which will be a buy and hold. The only thing holding me back is a down payment. I have some money but not the 25% which seems to be the amount needed. Does anybody have any insight / tips / creative ideas on how I can buy a three family with less than 25% down? Any suggestions would be greatly appreciated. Thank you
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Or you live in it which would require significantly less down. Don’t forget about closing costs and reserves. You need downpayment, closing costs and reserves if you’re using a loan