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If I am buying investment property, what is required for down payment?

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April 28 2012 - Kings Grant
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If you are investing in commercial property, we have lenders in Wyoming that will lend with 20% down and a 5, 7, or 10 year balloon with a 20 to 25 year amortization.  Of course, there are variables and credit worthiness always plays a part.
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April 29 2012

It depends on a few factors. If the investment property is considered a "residential" property you are most likely looking at 20% down. In PA for example, anything over 4 units is considered "commercial". Even if it houses only residents. This is now requiring about 30% down. It's best to interview an agent in your area that is familiar with investing. A great tool for investors is also a 1031 exchange, it allows you to invest your full dollar amount on a new similar property by rolling your proceeds into the new property without paying taxes. Again, I would recommend sitting down with an experienced agent and design a plan that meets your financial goals and a clear plan to get there.

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April 29 2012
20 to 25% percent is usually required.
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April 29 2012
It all depends on your financial profile, contact a lender but plan from 20-30%  Good luck!
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April 28 2012
it varies and depends on how many properties you currently own
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April 28 2012
Most lenders (Fannie, Freddie) now require 25% down, 30% for the best rates.
Jim
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April 28 2012
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I think it depends on the lender, but many in my area are requiring 20% down plus reserves to cover PITI for a few months. Talk to a lender on Zillow or one in your local area to see what you might qualify for.
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April 28 2012
It really depends on what you qualify for, where you are buying, and looking for creative financing. I recently purchased an investment property with zero down and only paid closing.
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April 28 2012

Most lenders require 20% down on investmet properties.

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April 28 2012
 
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