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Updated about 5 years ago on . Most recent reply
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Investment Properties with less than 20% down
I have two rentals, both acquired through house hacking. I live in Austin, TX. Market has been hot for years now. Although, I can still cash flow in some areas, my money is tied up in other investments and liquidity that I need to maintain for two other properties. We like where we live so don't want to turn our home into a rental. I checked with lot of lenders, but none willing to finance without 20% down payment. Anyone out there in my scenario or can anyone provide some insight?
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@Darshil Parikh would you break even for a year and then be able to move back in? How many bedrooms is your current house? You can do a lot if you're willing to take some risks and be temporarily uncomfortable by living in a house that would work as an investment.
- Jordan Moorhead
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