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Updated over 2 years ago on . Most recent reply

Best way to acquire 2nd property?
I just purchased my 1st duplex in January. Renovated and tenants area now paying 100% off the mortgage.
What is the best way to acquire a 2nd rental property? I've already used my FHA so I'm thinking conventional 20% down?
Which route do I go to fund it? I’m starting to work more hours at my job to save 40k-50k. It’s not going to be easy but if there’s other routes to achieve capital too that’s easier I’m willing to hear it.
Most Popular Reply

2 thoughts here. 1. Conventional doesn’t have to be 20%, it can be 5% or even less. 2. Does the second property have to be a house hack?
I ask because brrrr will scale much faster and 20% down will keep your money tied up. Food for thought. Best wishes to your success