Can you buy a no down payment investment property? With interest rates as low as they currently are, Northern Virginia home buyers are taking advantage of zero down loans. I often get calls from real estate investors asking me if it’s possible to get a no down payment investment property. The answer totally depends on what kind of financing you’re looking for. 

Looking for a No Down Payment Investment Property in Northern Virginia?

Most standard loans from banks require a minimum 20% down payment for an investment property. The reason is that banks view investment properties as carrying greater risk than owner occupied properties, so they want more security with regard to a substantial down payment.

Many Northern Virginia home buyers look to buy a property to live in for a while, and then rent out in the future after their plans change and they want a larger property. If you bought a property with zero down, this would, in effect, become a no down payment investment property whenever you rented the property out in the future. This is a great strategy for starting your investment property journey. Keep in mind that most bank loans have a stipulation that you have to live in the property for at least one year before you can rent the property out.

No Down Payment Investment Property – Look for a Hard Money Lender

If you’re looking for a no down payment investment property, another option is to get a hard money loan from an investor looking to loan their money at a higher interest rate. Independent investors generally aren’t bound by the same restrictions as bigger banks in this regard.

Are you looking for a Northern Virginia investment property? It’s important to work with a real estate agent who works with a lot of investors and is experienced at finding great deals. Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com so I can help you find the right property.