Lenders at 5-10% down on investment property

[Mark Nolan]

Hi BP!

I own 3 multi-families in the greater Boston area (2 duplexes in Watertown, One Duplex in Brighton) and I'm looking to expand my portfolio.

There are several properties I've been looking at where I can afford the 20%, but the monthly numbers wouldn't make sense if I did.  For the numbers to work (for me), I need to put down closer to like 5-10%.

Are there any lenders out there doing conventional 30 year fixed loans for people like me with only 5-10% down on investment properties?  I'm not interested in moving and house hacking at this point in my life, so it would not be a primary residence.  My credit is around 800, I have excellent equity in my other properties, and I have a comfortable salary ($100k give or take).  The same can be said for my brother who invests with me.

If there simply aren't traditional lenders out there willing to do something like this, I'll look at other ways of spending my liquid cash, but this would be my first choice if possible.  Thanks BP!

[Lien Vuong]

You can do a 10% down on a second home property (pied de terres or vacation homes), that can be an income property also.