So I found what I think is a good multifamily – 3 units, 1400/month total rent, asking price 110K. But to my surprise when I went to the bank to get a prequal letter they said I’d have to put down 25%! I was thinking/hoping I could put down 10%. They said “Oh nobody is doing 10% for investment properties these days.” That true?
The property is in AZ by the way