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Updated about 7 years ago on .

Trevor Lofstedt's profile image
Trevor Lofstedt's profile image
Trevor Lofstedt
  • Investor
  • from Minneapolis, Minnesota
  • Member since Aug 2, 2017
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6
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Trevor Lofstedt's profile image
Trevor Lofstedt's profile image
Trevor Lofstedt
  • Investor
  • from Minneapolis, Minnesota
  • Member since Aug 2, 2017
Connect
Trevor Lofstedt
  • Investor
  • Minneapolis, MN
3
Votes |
6
Posts
Starting Out

Help Financing a Second Property

Trevor Lofstedt
  • Investor
  • Minneapolis, MN
Posted

Hey BP Community. 

I've got a unique situation that I am looking for some expertise on. I recently (about 5 months ago) bought a duplex with one of my best friends, we are currently living in the upper unit renting out the bottom. We got a great rate on a 30 year FHA loan. I'm now looking to get my second property, but won't have enough to put down 20% for a conventional loan. Are there any strategies that I can use to be able to get a second property with only having about 15k to play with?

Any ideas help, Thanks!

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