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Updated almost 8 years ago on . Most recent reply

User Stats

220
Posts
135
Votes
Andrew Acuna
  • Investor
  • Mission, TX
135
Votes |
220
Posts

Question for Lenders

Andrew Acuna
  • Investor
  • Mission, TX
Posted
I'm curious what types of things are attractive to you or would make you apt to lend to someone for less. If I were to present an awesome deal for a buy and hold 4plex with a lot of monthly cash flow why insist on 20% down? I'm most curious to know the why behind this. I understand what happened in 08, but it seems we've bounced back from that and a little give could go a long way. Thoughts?

Most Popular Reply

Account Closed
  • Fargo, ND
15
Votes |
29
Posts
Account Closed
  • Fargo, ND
Replied

@Andrew Acuna You should be able to purchase anything with 4 or less units with a 3.0% down loan as long as you live in the property including your second one. That is exactly what I did

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