Can 10% down payment get you an investment property?

[Mark Weinberg]

Can 10% down payment get you an investment property (buy and hold) with a conventional lender or a private money lender?  I have seen many lenders sites showing 20% down payment for the buyer to bring to close the deal.  I understand lenders want buyers to have skin in the game but will they except a smaller down payment in order to close the deal?

[Paul Barbeau]

So I bought a 32 unit apartment complex with 10% down. I had the owner finance 35% of the purchase price with a second position lien. A local bank financed the other 55%. So it can be done, you just have to find the right bank and maybe get creative. I have had friends buy properties with $0 down. In that case the owner owned it outright and was willing to finance it on the buyers terms.