Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

User Stats

312
Posts
49
Votes
Jarrett Harris
  • Calumet City, IL
49
Votes |
312
Posts

How to buy rental condo with less than 20% DOWN?????

Jarrett Harris
  • Calumet City, IL
Posted

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?

http://www.realtor.com/realestateandhomes-detail/19547-Lake-Shore-Dr-Apt-2_Lynwood_IL_60411_M85477-65079?row=21

Loading replies...