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The Water Cooler
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Rental property Investors... Another question?
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<blockquote data-quote="tranger2" data-source="post: 2693931" data-attributes="member: 10076"><p>For those who borrow money to purchase their properties, what are the normal rules of local lenders as to the down payment amount? I was just on a website and if you didn't put 50% down, there were no mortgage products available. What percentage is normal for loans on rental property if you have excellent credit in the OKC market?</p><p></p><p>Do you usually make the renter pay all expenses or do you pay for any utilities (gas, elec, water, cable?) </p><p></p><p>thanks in advance...</p></blockquote><p></p>
[QUOTE="tranger2, post: 2693931, member: 10076"] For those who borrow money to purchase their properties, what are the normal rules of local lenders as to the down payment amount? I was just on a website and if you didn't put 50% down, there were no mortgage products available. What percentage is normal for loans on rental property if you have excellent credit in the OKC market? Do you usually make the renter pay all expenses or do you pay for any utilities (gas, elec, water, cable?) thanks in advance... [/QUOTE]
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