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Updated over 5 years ago, 06/13/2019
Financing an Investment Property WITHOUT Putting 20-25% Down
Hey BP, I'm looking for some advice
I'm looking to purchase a property in a cheaper market a few hours away (I live and work in the Orange County, CA area, which tends to be a pricier market).
Initially, when learning about financing options, I thought about going the FHA-route but I figured that won't work due to being a non-occupant. Further, I've been told that financing an investment properties typically requires a 20-25% down payment. Is there a way that anybody knows for me to attain a loan for an investment property without forking over 20-25% on a down payment? I'm trying to put as little money down as possible and leverage this property. For what it's worth, I make a good salary, have 790-800 FICO score, so I don't think qualifying should be much of an issue.
Thank you in advance!