Buy Investment Property With 10 Down Online
If the property is 50+ miles from your primary residence and you intend to stay there part-time, you can often secure a "second home" loan with 10% down. Note: You cannot have a management contract in place that prevents you from using the unit.
10% down allows you to buy two $200k properties with $40k, rather than just one property with 20% down. If you'd like to dive deeper, let me know: Do you plan to live in the property (house hacking)? What is your estimated credit score ? Are you looking at a single-family home or a multi-unit ? buy investment property with 10 down
Debt Service Coverage Ratio loans focus on the property’s income rather than your personal income. While 20% is standard, some specialized "High Leverage" DSCR programs accept 10-15% for experienced investors. If the property is 50+ miles from your
Move into a multi-unit property (2-4 units). FHA loans allow for 3.5% down, and some Conventional loans allow 5%. You live in one unit and rent the others. If you'd like to dive deeper, let me
Lower down payments represent higher risk to banks, often resulting in a rate 0.50% to 1% higher than standard investment loans.