< 20% Down on an Owner Occupy Triplex

[Chad Gaither]

Hi all - I'm currently under contract on a triplex in Long Beach, CA for $625K and am running into some financing issues. I originally planned to do an FHA loan on the property but that program requires 75% of the market rents to cover all of the P&I which they currently will not unless I put >20% down. I am a young professional and currently can't afford that but might be able to swing 10-15%. Time to get creative. Would love to hear any suggestions that you all might have. Thanks in advance!