On the podcast Brandon and David speak a lot about low and no money down investing (also wrote a book about it) and one of those ways is instead of buying down your equity with down payment get the property and a better deal on the property. Which for someone who is in real estate, lending or just knows simple math makes perfect sense. But after speaking to multiple lenders and multiple credit unions all under writing guidelines require 20% to 30% cash down regardless of the equity in the deal. I went as far as telling multiple underwriters if my LTV (loan to value) was at or below 70% they would hope I defaulted because they would make more money then they lend to me when they sell the property. How do I find lenders that will do this strategy? Does anyone know of any nation wide lenders?
