All Forum Posts by: Melissa Rios

I agree with Aaron's comments and would like to add to them. First, you need to move into the building if you are doing an FHA loan. Perhaps you've already thought it through and you're willimg to do that. Second, warning someone that putting 20% down is a better option is not a scare tactic; your agent is being truthful and covering his/her bases when describing get the scenario that you're going after. I think if an agent didn't warn the client, it would be a bit negligent. A low down payment carries more risk, period! It also significantly reduces your cash flow potential. The purpose of investing in a multi-unit is cash flow. Knowing this.... Seems like your agents so doing his/her job.

Further getting the best deal on lending will be far easier with 20 or 25 percent down.  All investors want a good (low) interest rate.  If you find it difficult to come up with 20% for a Ukrainian Villae property, you might consider another neighborhood that is similarly gentrified, but lower price point like Avondale and Old Irving.  These are nice neighborhoods to live in, well in demand, and affordable.