Avoiding 20% Down on Rental Property Investment

[John Keizer]

I bought my primary residency two months ago, and have an itch to get into buying a rental property. The 20% down is the barrier at making that happen sooner than later. My thought to overcome this is that since my wife’s name is not on the mortgage (she is on the title) for our primary residency. Would she be able to purchase the property just under her name in order to be able to do a 5% or 10% down conventional by claiming it as her primary residence? Not sure if this would work, looking for insight by brokers.