Quote from @Nick Cooper: I’m looking to purchase my second long term rental and I’m wanting to know if 20% down would be possible with an investment property as I’ve been told 25% is minimum. 

I have recently just purchased my 4th investment property all in my name and have accumulated a DTI of 45.9%.

Was that purchase money, rate and term refi, or cash out refi?

Quote from @Pete Tarin: How does one go about assuming someone's mortgage with a better interest rate when purchasing a property? 

Property is off market purchase at $356k.  

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

It's calculated as the ratio of your total loan amount (loan amount for purchase + loan amount for your rehab) to your total costs (purchase price + rehab budget). 95% is a good target.Avoid application and other upfront/junk fees. 

I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area  for a medium rehab project. 

I also purchased these while residing in CA!

Hi Community,I am in a position where I can tap into the equity of my primary home to purchase a second investment property.