Profile picture for WantToInvest

I am looking to buy in Florida, 25%-50% loan possibilities?

I want to buy a property of around 150k, house or condo in Florida to rent out, I can pay cash but I would like to use some leverage. Can I get a 25 or 50% loan? payment will be about half the rental income so I can definitely pay it every month. I have a great credit score, and have another rental property with a mortgage of 235k in Califonia. My yearly income is 110k.
Any help will be appreciated.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 29 2012 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (2)

Most banks require roughly 20% down. With great credit history and continuous yearly income, you should have no problem finding a loan anywhere from 25 to 50 percent of the $150k house/condo.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 05 2012
Short answer: Almost all institutional financing will require 20% to 25% down.  We have a few seller financing options in other states, but all out Florida investment properties cash flow with only a 20% down-payment.

Feel free to contact me with any questions 

Continued success,

 

Marco Santarelli

Norada Real Estate Investments

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 29 2012
 
Related Questions
National Land Partners
Profile picture for Vince Curtis
Latest answer by Vince Curtis
18 hours ago | 1 answers
Looking to buy a duplex
Profile picture for Vince Curtis
Latest answer by Vince Curtis
18 hours ago | 1 answers
is it a good investment?
Profile picture for Nicolette Wayand
Latest answer by Nicolette Wayand
1 day ago | 6 answers
Area with highest projected future value in charlotte ?
Profile picture for Tim  Moore
Latest answer by Tim Moore
5 days ago | 1 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.