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Updated almost 4 years ago,

User Stats

12
Posts
1
Votes
Chris Knebel
Pro Member
1
Votes |
12
Posts

Avoid 25 percent down on multifamilies

Chris Knebel
Pro Member
Posted

Hi,

im actually under contract for two triplexes in ohio. Price 160K each and they bring in about 2200 a month each. It appears to be a good deal but I'm having trouble with funding. Originally I was supposed to pay 10 percent down for each but my lender is now saying I need 25 percent down each. They wouldnt qualify for a BRRR I believe, so are there any funding options to avoid these massive down payments?

Kind regards,

chris

  • Chris Knebel
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