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Updated almost 4 years ago,
Avoid 25 percent down on multifamilies
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