Have You Talked To A Local Lender?

[John Felix Perez]

So I had a down payment saved up and I started to look on the MLS for a potential Cash flowing Property. I went in thinking that I could do 20% down on a 30yr fixed rate on said property. Since I don't need a place to stay because we are happy to stay right where we are rent free. I wanted to start with an investment that is cheaper but still cash flowing such as an condo or apartment. I spoke with many different banks since it was not owner occupied I would have to go up to 25% on a 15yr fluctuating rates . This put a dapper on any cash flow potential I reached out but a lot of Credit unions or bigger banks prefer owner occupied situations. Any advice?