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Updated almost 7 years ago,
Help Financing a Second Property
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!