Looking for bank financing near Indianapolis, IN

[Jared Pfaff]

I am looking at purchasing three duplexes from a individual that is in the Indianapolis area. The deal is off market so I have a little time but my local banks have asked for 25% down instead of the normal 15% since it is out of their market area. 2.5 hours away. Credit is great, with no issues. I am thinking about selling one of our houses and 1031 exchanging into this deal which I should have enough equity to cover 25% but if I could find a better deal I would prefer not to tie that much equity up. The three duplexes are full and the return is good with more upside. Is it more common now to put more money down?

Thanks, Jared