{ "media_type": "text", "post_content": "What’s the best way to get financing to purchase a residential real estate investment property?", "post_id": "6107126b64169a0030709de1", "reply_count": 6, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

What’s the best way to get financing to purchase a residential real estate investment property?

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A mortgage. They just have different guidelines than primary residence.

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Maybe check out a resource like Bigger pockets to see different loan options. If this is your first investment property, or you're a bit risk adverse, I'd probably go with a conventional loan.but there are a few other options (going in with partners, hard money lenders, etc). Also, your strategy may influence your choice. Are you buying to hold? Are you flipping? And so on

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Will you live in the property or is this purely going to be a rental?

Expect minimum 25% down and basically for a conventional loan it will come down to your dscr

20% with mortgage if it’s purely rental. You can’t really do anything else unless you’re flipping then use private or hard money

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