General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Exploring Financing Options for a $50k Investment Property with a 20% Down Payment
I'm exploring the possibility of acquiring an investment property worth $50,000, specifically a single-family home, in the Akron/Canton, OH area. Ideally, I'd like to make a down payment of 20% to 25%. However, I've encountered an obstacle: my lender has informed me that banks typically do not provide FHA or conventional loans for amounts less than $75,000. Given this constraint, I'm seeking advice on the most viable financing options that would allow me to secure this property without having to increase my down payment beyond 25%.