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investment property

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picture121 Joined: 21 Sep 2008 Posts: 15 8.62 Dollars($)	Posted: Wed Feb 16, 2011 6:50 pm    Post subject: investment property Like 0 Dislike 0 Is it possible to buy an investment property with less than 20% down. Seller's consession? How does this work. I am interested in a 4fam. price is about 220k. Excellent buy. I only have about 30k. Any ideas?
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Wed Feb 16, 2011 7:00 pm    Post subject: Like 0 Dislike 0 You will have a difficult time - Govt loans do not allow investment nor do Mortgage insurance companies so you will not be able to go conventional. . Many banks will want more than 20% down - But that is the minimum these days. _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com
tfaulhaber1 Community Expert Joined: 17 Dec 2009 Posts: 562 75.68 Dollars($)	Posted: Thu Feb 17, 2011 9:17 am    Post subject: Like 0 Dislike 0 You would need to find a Portfolio lender. Fannie and Freddie guidelines don't allow for anything less than 25% on investment properties. _________________ Theo (Ted) Faulhaber 516-403-9116 516-634-4417 tfaulhaber (at) vanguardfunding.net

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