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Updated over 9 years ago,
I Just put in my first 3 offers out of state. I have a down payment question.
Hello everyone.
So this is whats happening, I have been looking into investing in AZ and I just put in three offers on three different properties, all 4plex and will the loan I got a will be making an income monthly from them...
Im a little bit worried because I don't want to be house poor if any of my offers are accepted.
My questions to you is, how can I get my down payment with out using my own money on top of the mortgage I'm already approved for?
I was thinking of taking a 2nd loan just for the down payment, but the banks don't want to do that for me.. Any ideas? I would like to buy all 3 of the properties if I can find a good way to get more for my down payment.. any thoughts? I know there is a way to do this and I will find it!
Also, any thoughts on AZ and the rental markets?
THANK YOU!!!!
Paul Samia