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Updated over 1 year ago,

User Stats

29
Posts
7
Votes
Rahnesha White
  • New to Real Estate
  • Anaheim, CA
7
Votes |
29
Posts

Is it possible to put down less than 20% for an investment property?

Rahnesha White
  • New to Real Estate
  • Anaheim, CA
Posted

I am trying to figure out how I can put down less than 20% more like 15% for an investment property? I called a traditional bank and they said for a conventional loan I had to put down 20%. The property is turn key so not value add, someone suggested hard money but I know see the need for hard money since I don't have any renovations and from my knowledge most hard money lenders require 20% also?. I know every investor isn't putting down 20% for each property so would like to know different strategies. Thanks!

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