Buy durable, affordable, replaceable products.

Hi all,I'm curious if anyone is aware of a lender who is able to offer 10% down on a non-owner occupied investment loan.I, personally, have used Mountain America Credit Union for this type of loan product, but I haven't been able to find other lenders who offer something similar.I'm particularly interested in a lender who offers this loan product in states like Tennessee, Florida, Georgia, Texas, Arizona, and California, but I'd love to hear of lenders who offer this anywhere else as well.Thanks so much,Max

Hi @Yair Zaharovich - it's likely going to depend on the loan product you are seeking.

As far as investment properties, it's unlikely that you are going to find a lender offering a product that allows you to put less than 15% down for a 1-unit property. 

The product is cheap to use, and requires just a small amount of involvement from me, usually just checking bait stations once a month, after initial quick installation.

If you're interested, I made a comparison chart of floating LVP products when I was shopping last year with a major focus on durability (also share some challenges with replacing carpet with LVP over wooden subfloor): https://www.biggerpockets.com/...There are lots of great LVP options out there though so I definitely don't think it's necessary to go down the rabbit hole like I did…

Can anyone guide me where or whom to talk to in terms of buying and creative financing or experiences in dealing with a complex of this nature?

I would just refund the days they were unable to occupy, unless the nature of maintenance was elective and not required.

Make sure you check out all that this site has to offer.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts

The product I'm most familiar with provides your requested property limit for each location, as well as a $1MM per occurrence / $2MM general aggregate limit for each separate location as well.