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Updated over 5 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Sean McManus
  • Rental Property Investor
  • Winston Salem, NC
1
Votes |
10
Posts

Looking to purchase a fourplex, down payment trouble

Sean McManus
  • Rental Property Investor
  • Winston Salem, NC
Posted

I am looking to purchase my first property, it is a fourplex. I have some money saved up but not enough for the 25% down on a conventional loan. What are some of the best alternative ways to finance or come up with the down payment? Thanks in advance!

Most Popular Reply

User Stats

2,834
Posts
3,901
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
Votes |
2,834
Posts
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

@Sean McManus

Shop around. I’m getting 20% on 2-4 plexes. 25 year amort, 7-10 year balloons. Last one was 4.6% interest.

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