Can you do zero down and keep your current house?

[Jennipher Jess]

Hello everyone on BP, I am new here. 

My husband and I have done 2 live in flips and are currently living in our 3rd one. However, we love this house. We cannot sell it as of yet for many reasons. That said, we just refinanced when rates are good and want to start investing in real estate outside of the homes we live in. Cash is tight so we are unsure how to get started with a down payment. Could you do a second mortgage with zero down? 

[Paul De Luca]

@Jennipher Jess

Investment property loans (non-owner occupied) generally require larger down payments (20-25%), maybe 10-15% if you find portfolio lender/credit union you can get better terms. If cash is already tight, does it really make sense to get another property?