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All Forum Posts by: Robert Smoot

Robert Smoot has started 1 posts and replied 1 times.

Starting Out

Post: Low Down Payment for Rental Property

Robert SmootPosted
  • Posts 2
  • Votes 0

I am considering buying a place, but lack the down payment.  Seller financing is not an option.  I have about 40-60K to put down, but from what I am reading 25% is normal which means I would be looking more at needing around 100K.  So, the main option I have heard is find a partner.  Contact banks and see what additional loans they can offer with lower down.  Any other advice as I try and get into this business?  Thanks in advance!

0 Votes