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Updated about 9 years ago on . Most recent reply

Shawn Munoz's profile image
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Shawn Munoz
  • from Vineland, New Jersey
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Shawn Munoz
  • from Vineland, New Jersey
  • Member since Jan 29, 2016
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Shawn Munoz
  • Vineland, NJ
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General Landlording & Rental Properties

Buying a multi family

Shawn Munoz
  • Vineland, NJ
Posted
Hey guys, I am currently moving in to a single family home with my fiancé and I'm considering investing in a multi family home later this year. Will it be possible for me to find a way around the 20% down payment for investors? Because I won't be living in the multi family of course.
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Jerry Padilla
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Jerry Padilla
  • #5 Classifieds Contributor
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  • from Rochester, NY
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Jerry Padilla
#5 Classifieds Contributor
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  • Rochester, NY
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Jerry Padilla
#5 Classifieds Contributor
  • Lender
  • Rochester, NY
Replied

@Shawn Munoz

For investment purchases, 15% down is the minimum for conventional SFR and for a MFR the minimum for conventional is 25% down.

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