Funding for First Investment Property

[Stephen Daniel Pace]

Hey BP! I'm actively looking for my first investment property, ideally a STR. I already got pre approved for a conventional loan but I don't want to spend the majority of my cash savings on a down payment. What are the best alternate options for minimal money down on a property? Any help is much appreciated!

[Scott Lundgren]

There are many alternative loans to conventional 30yr fixed. You can look into ARM loans, Interest only, and a massive amount of private loans with all sorts of benefits depending on your investment strategy. Short term rentals have some restrictions on lending but there are still a lot of options out there that can reduce your 20% typical down to 10% if the situation is right.