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Updated 7 months ago, 05/28/2024
Low Money Down on a Duplex
Hello! I am a newbie investor from the Bay Area, CA who currently has one SFH in Indianapolis that is being rented out. I am trying to get my 2nd rental property some time this year in the same market (open to a different market in the midwest if no deals appear in the Indianapolis market). I know that for an investment property on a small multi-family home you need at least 25% of the purchase price down if you are not going to occupy the property. I was wondering if there is a way to put an even lower amount down without occupying the property? Any specific loans I can use or any other type of financing I can use to put a lower down payment?