That's a great question Jason. So let's work backwards: the minimum for conventional down payments are 3.5% (depending on the lender.) $5,000 divided by 3.5% = 142k rounding. Now, assuming realtor fees, closing etc just puts you at 10% of purchase price, That same 142 all-in is now 147k with 10k used as cash into the deal.
With these same numbers you ought to be able to buy 50k homes with 5k down w/ conventional. However investment properties typically require 20% down. same math- 5k divided by 20%= 25k. still not including closing costs.
So to answer yes it is possible, but depends how you want to pay for the deal. Make sure your credit is good! I am in retail banking- and see folks use a cash advance to buy properties. (would not advise) so its possible!
