Definitely try to get pre-approved through a lender so you know how much property you can purchase.

Quote from @Nathan Frost: Hi, I have friends saying there are lenders that do 5% down. 

Sold with extra lot for value increase Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I talk to many of my lenders who are sitting on tons of garbage inventory they had to take back.

@Peter W.From my experience, a second-home investment strategy works best when you meet lender conditions like owner occupancy and rental restrictions.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Not only am I sorry you lost money but it gives a black eye to us legitimate lenders everywhere.

instead of a lender try to find a capital partner and share the deals.. thats what I do provide money for JV's  works great its a win win.. your going to waste your time trying to find nothing down lenders.. unless you already have one that really loves you then its possible.

Just because most lenders do not offer it (we do) does not mean it is against the law. 

We were told the secondary market started rejecting the lower priced paper that they were originating and they were forced to raise the rates.