Lower Down Payments On Rentals

[Devyn Grillo]

If I’m looking to buy a single family rental property, is 20% down required by most lenders? How do you qualify for a 5%-10% down payment? Could this be negotiated with a lender and would they be open to accepting a lower down payment? Thanks for the insight! :)

[Dennis Wasilewski]

Unless you are living in one unit & going with a FHA loan, I don’t think you will be able to put down less than 20%.