Is it possible to buy an investment property with 10% down

[George Martinez]

How’s it going guys. Trying to weigh my option and see how realistic I’m being. I currently have a home and want to buy a investment home. Want to know if it’s possible to find a lender that will let you get a loan with 10% down. I have seen a couple hard-money but they all want 20% which I don’t quite understandably that is what a traditional bank offers as well. Looking for a friend thanks guys

[Shiloh Lundahl]

@George Martinez The answer is, yes, you can buy investment properties with less than 10% down. In fact, there are a number of different ways to do that. Here is a short list of some of the ways.

• Buying a property “subject too”
• Using an FHA loan to house hack as @Account Closed mentioned above
• Using lines of credit
• Creating a partnership
• Using the BRRRR method
• Using a combination of the BRRRR method along with the lease option strategy and creating 2nd position notes on the front end to help with the rehab and then a 2nd on the back end (after the refinance) to leverage the property to 80% to suck out the rest of your invested capital while maintaining a cash flowing property for yourself and the private money lender/investor

These are just some ways of using 10% or less to buy an investment property. If you are not familiar with these strategies, then take some time to look them up on BiggerPockets by reading in the forums, watching the webinars, and listening to the podcasts. If you just want to know how to get a hard money lender to lend 90% on a deal then start out with getting 80% first, gain some experience, and after you have the experience they will more likely lend up to 90% if the deal has enough spread. Or you can partner with someone who has that experience and and credibility with a hard money lender already.