Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

1
Posts
0
Votes
Shirish Amrutia
0
Votes |
1
Posts

Mortgage on multiple rental properties

Shirish Amrutia
Posted

Any input from experts appreciated

We are looking at buying few townhomes as rental properties, they will be brand new construction after we agree to terms and put goodwill deposit. The builder is selling them at discount from asking appraised price. My questions are

1) Would a lender/bank be willing to offer mortgage for less than usual <25% down payment since there will be equity in properties to begin with when they will be ready 

2) How low of down payment would they accept to offer the loan for if the property is appraised for 400k by the builder but they have agreed to sell it for 340k.

3) If a LLC partnership structure is buying these properties (10 of them), and if there are multiple partners ( all accredited investors) what would be the best way to approach lender/bank for loan.

Thanks for your response in advance.