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Updated almost 12 years ago on . Most recent reply

Daniel O.'s profile image
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Daniel O.
  • from Riverside, California
  • Member since Apr 24, 2012
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Daniel O.'s profile image
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Daniel O.
  • from Riverside, California
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Daniel O.
  • Riverside, CA
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Starting Out

20% down for investment property

Daniel O.
  • Riverside, CA
Posted

I was looking to purchase rental properties. The agent I spoke with stated i'd need at least 20% down which is more than I anticipated.is this true?
Can I use an FHA loan?? any and all information would be helpful. Thanks in advance.

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Dawn Anastasi's profile image
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Dawn Anastasi
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since Feb 4, 2013
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Dawn Anastasi's profile image
Dawn Anastasi's profile image
Dawn Anastasi
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since Feb 4, 2013
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

You can check out HomePath.com which sells Fannie Mae properties. If you find one qualified for the HomePath program, investors only need to put down 10% (until you get to more than 4 mortgages in which case it reverts back to 20%).

  • Dawn Anastasi
  • Podcast Guest on Show #29
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