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Updated over 10 years ago on . Most recent reply

Andrea Flores's profile image
Andrea Flores's profile image
Andrea Flores
  • from Traverse City, MI
  • Member since Jul 13, 2014
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Andrea Flores's profile image
Andrea Flores's profile image
Andrea Flores
  • from Traverse City, MI
  • Member since Jul 13, 2014
Connect
Andrea Flores
  • Traverse City, MI
0
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15
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Buying & Selling Real Estate

Common down payments on an investment property

Andrea Flores
  • Traverse City, MI
Posted
I was wondering what the normal percent down would be on a triplex purchased as an investment property. My loan officer right now is saying 30% down because it is three units. However I have never heard this, I always assumed it was standard 20% down, plus PITI. Can anyone give me a breakdown of what is normal down payments for different sorts of purchases??
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