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Updated almost 4 years ago, 01/19/2021

Dabvis Le Sutton's profile image
Dabvis Le Sutton's profile image
Dabvis Le Sutton
  • Rental Property Investor
  • from GA
  • Member since May 19, 2020
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User Stats

24
Posts
12
Votes
Dabvis Le Sutton's profile image
Dabvis Le Sutton's profile image
Dabvis Le Sutton
  • Rental Property Investor
  • from GA
  • Member since May 19, 2020
Connect
Dabvis Le Sutton
  • Rental Property Investor
  • GA
12
Votes |
24
Posts
Starting Out

Financing first deal

Dabvis Le Sutton
  • Rental Property Investor
  • GA
Posted

Good Morning BP,

I just got pre approved for financing my first rental at 70k. Originally the down payment required from lender was 5% but now they require 20% which take it from 3500 to 14k. If I put 14k my reserves will be weakened for about 2months. Any advice on how I can come up with the down payment without using all of my reserves?

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