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Updated about 4 years ago on . Most recent reply
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Single Family Rental
Hi, looking to invest into a single family home to rent out. Is it common for a bank to say that they need 35% down and the longest loan length they have is 20 year variable interest rate? From what I understand, that seems to be more on the commercial side of things. They were telling me that since it’s going to be for a rental and used as a business, that’s the type of financing available. This happens to be the main bank I use and I do have a commercial loan through them, and they are local, so I was hoping they would be more easy to work with. Should I go and check other banks?
Most Popular Reply
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- Rental Property Investor
- Denver, CO
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Thank you for the mention!
I received your message. We look forward to connecting with you.
We've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets. It's all a numbers game, and the most successful investors invest in the markets where they get the best returns!
- Zach Lemaster
- [email protected]
- 800.311.6781
- Podcast Guest on Show How to Fund Real Estate Deals Right Now
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