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Updated about 6 years ago,
4-Plex in San Antonio (Financing Question)
Situation: So a great 4-plex just came back on the market that we would love to buy it, as it already cash-flows (with tenants) and is in an appreciating area.
Problem: We do not have the 25% down ~$110K that most lenders require.
Options: we do have 2 other rental properties out of state with significant equity, and we have excellent credit
Question: What is the best financing option to acquire this property with the lowest down payment and closing costs?