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Updated about 10 years ago,
How to buy rental condo with less than 20% DOWN?????
Hello all. I am currently looking to purchase my second rental property. It is a 2 bed 2 bath condo for $57K The finance company that I got my 4-unit through says they will not do a mortgage below $50K and they would require 20% down since this will be another rental for me and not owner occupied. How can I get around this? Any ideas. Do anyone only do loans for 10% down?