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Updated over 3 years ago, 06/27/2021
10 percent downpayment on investments
I have purchased 2 properties thus far which have been single family row homes. Both of which I put down 20 percent which is the standard but minimum was 15 percent.
For properties with 2+ units the banks want 25 percent minimum unless you are occupying the property. My lender says there’s no way around this regulation.
Does anyone know of ways to purchases 2+ unit properties with a 10 percent or less down payment? This is with NOT being an owner occupant.