I am in CT. I would like to know if mortgage companies are still allowing 10% down payments on 2 Family houses. I know anything more then a 2 family they are requiring at least 20% but most likely 25% down. I also know that they require you only have 4 or less mortgages outstanding at one time including your residence.

Thanks so much for yoru note Joe. Our team here in Minnesota has worked with a number of different investors over the years. In the traditional sense, nearly all lenders are requiring 20% plus down on the various investment properties for sale. However, I know there are some great rehab financing packages out there where in investors are able to purchase homes for sale with a lower down payment. Our team here in MN works with a top lender that has some great programs.

Nonetheless, I am amazed how many great buys there are right now for investors here in the Minnesota real estate market. With so many properties for sale on the MLS, investors are having a "hey day" in choosing their properties!

Yes, indeed. Mortgage companies finally seem to have learned the great lesson out of the submortgage crisis.