Using Investor Funds for Down Payment

[Zach Vaughn]

Hello everyone. I am currently house hacking a duplex that I purchased in April and am now trying to work on a second deal. I have my eyes on a couple of small multifamily properties in my area but am running into the issue of lacking personal funds for the 20% down payment needed to qualify for a mortgage on an investment property. 

I have a few investors that are interested in helping me fund the deal, but my issue is qualifying for the mortgage without having enough of my own money for the down payment. My DTI would allow me to take on the debt, but my lender said that to use someone else's money toward the down payment, the other individual would have to be on the loan as well.

Because of my relatively low income, saving the 20% down on my own is possible but would take much longer. 

Any advice on how I could potentially make this work would be greatly appreciated!