How to put less down for rentals

[Stephen Duncan]

My questions for the group is what are the best ways if any to put less down when adding to rental portfolio. The brrr method would allow me to get my money back out and repeat but if im looking at houses that need moderate repairs and will be ready to rent right out of the gate. I want to make a move on a few properties but everything im being told says i have to put down 25% which would limit my expansion to only one and maybe two at a time and then would tie that money up for years before i could refi and pull it out for the next. Let me know what you think. 

[David M.]

@Stephen Duncan

non-owner occupied loans on multifamilies are 25% down min for a conforming loan.  A single family I think you can do a little better at 15%.  These are both for purchases.  So, its pretty tough for turnkey properties.

For properties needing heavy repair, then you are looking at hard money lenders.  However, those loans are short term only and don't allow occupation.  So, you either sell it or be able to refi it into a conventional loan and be able to to a 70% ltv --- basically a brrr-type concept.

Sorry, can't be of much more help.