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Updated about 9 years ago on . Most recent reply

Michael Kissel's profile image
Michael Kissel's profile image
Michael Kissel
  • from Buffalo, New York
  • Member since Feb 6, 2016
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Michael Kissel's profile image
Michael Kissel's profile image
Michael Kissel
  • from Buffalo, New York
  • Member since Feb 6, 2016
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Michael Kissel
  • Buffalo, NY
0
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16
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Multi-Family and Apartment Investing

down payment

Michael Kissel
  • Buffalo, NY
Posted

So I just went through a pre-approval process, have an excellent credit rating and am pre-approved for $200K.  However, the institution used said they require a 25% down payment for any investment properties.  I have been hearing 20% was the requirement.  Is 25% common or should I be working with another institution?

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