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Updated about 7 years ago on . Most recent reply

Arturo Hernandez's profile image
Arturo Hernandez's profile image
Arturo Hernandez
  • from Oxnard, California
  • Member since Feb 3, 2017
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Arturo Hernandez's profile image
Arturo Hernandez's profile image
Arturo Hernandez
  • from Oxnard, California
  • Member since Feb 3, 2017
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Arturo Hernandez
  • Oxnard, CA
1
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7
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General Real Estate Investing

Down Payment on a Rental

Arturo Hernandez
  • Oxnard, CA
Posted

I currently have my home financed in California. I am looking at a rental condo in Phoenix, AZ. I want to keep my primary home in California and purchase the Phoenix, AZ condo, but don't have the full 20% down that is required by most banks to finance as investment home. What suggestions, does anyone reccomend besides asking to borrow from family, friends, etc. 

TIA, Art

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Gerald Harris's profile image
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Gerald Harris
  • Investor
  • from Atlanta, GA
  • Member since Sep 12, 2013
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Gerald Harris's profile image
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Gerald Harris
  • Investor
  • from Atlanta, GA
  • Member since Sep 12, 2013
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Gerald Harris
  • Investor
  • Atlanta, GA
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Gerald Harris
  • Investor
  • Atlanta, GA
Replied
@Hector Rodriquez is correct. FSBO properties can be alot more flexible when it comes to financing an investment property. Many will do seller carry all day
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