Financing For Rental Props????

I was wondering if there are any special loans that will allow you to buy an investment property with very little down. I want to start buying some properties but do not have much money for down payments. Any suggestions would be great!!!

Comments(4)

  • klarbi18th April, 2004

    yes there are programs out there for 5% down

  • jam20018th April, 2004

    Look under the Lenders Tab at the top of this site.

  • TomStewart18th April, 2004

    I have been reading a book written by Dolf de Roos & foreworded by Robert Kiyosaki called Real Estate Riches. In the book Dolf said he had a book specifically for mortgages called Mortgage Magic. Based on this book I would say that it is probably a good book to answer any mortgage questions!

    Best Wishes

    Tom Stewart
    [addsig]

  • carpediemi2418th April, 2004

    Most traditional loans for Non Owner Occupied homes want 20% down and good credit!

    My advice would be: Wholesale for a little while and make some quick cash While learning...so you can have some cash to put down!

    A lot of Seasoned Investors who own properties (no sub2...) with Mortgages usually have a few properties that they use the equity in one of them to put down on a new non-owner occupied property!

    Hope this helps

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