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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
Most Popular Reply

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