Minimum Down Payment

[Bindy25]

Is the Minimum down pmt for a investment company 20%? If so is there a way around it. Thanks.

 

[mortgageman]

If you mean the minimum down payment for a single family rental property, then the answer is yes, you need 20 percent down.

The only way around it would be to use the property as an owner-occupied/rental property. in other words, you're living in one of the units and renting the other(s)

 

[Thomas Beyer]

Yes in principle. There are three ways to use less than 20% down cash: have an owner occupied property where you sub-lease a portion such as the basement, or get a VTB mortgage by the seller, or have a JV partner who puts up all or some of the down payment for a % of equity/profit sharing.