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Updated about 10 years ago,

User Stats

398
Posts
120
Votes
Jesse Waters
  • Investor
  • Aiken, SC
120
Votes |
398
Posts

Down Payment Downer

Jesse Waters
  • Investor
  • Aiken, SC
Posted

Been investing a while, but new to BP.

I am looking for another property, I don't have a preference if its single family or a quad.  Both fit into my strategy.  My current dilemma  is that every bank & lender that I have spoken with wants 30% down.  I understand their position on wanting to make sure that I have some skin in the game, but this has severely slowed down my rate of purchase.

With the exception of a few ups and downs and a little learning curve, everything that I have purchased so far is cash flowing well.  Just trying to figure a way around high down payments, or find lenders who are open to lower DP's, ie 10-20%.

Thanks,

Jesse

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