Question about financing

[Ben Dols]

I am generally new to the rental side of real estate. Just finishing up my first flip which I did as a commercial loan, and after reading a lot of material I'm still confused on something... I'm looking to acquire units for rentals and want to use as little capital as possible. My banker is telling me I will need 25% down. Is it not true that myself and my wife can each acquire 4 properties at a lower percentage down rate through Fannie Mae? Or is the Fannie Mae deal only in regards to putting a house on a 30 year government backed mortgage? The house I am looking at is a 55k multi family. I would not be living in the location. I want to obviously cash flow as much as possible and use as little capital as possible, so basically I am wondering what are the best possible terms I should be looking for? I have credit above 750. Any help would be much appreciated. This is my first post on the forum :)

[Chris Mason]

@Ben Dols,

The most common way around having to save up 25% the old fashioned way is a cash out refinance on some other real estate. 

Fannie and Freddie both want 75% LTV on non-owner occupied MFRs, and generally if it's not in the Fannie/Freddie box it will not be a 30YF with a decent interest rate.