New construction Loan

[Gerardo Gallardo]

Hi, my name is Gerardo Gallardo and I should start by stating that I’m new to Real Estate investing and BiggerPockets.

With that been said I’m looking for some advice.

I’m currently own a single family home which I financed with a 15 year 3% conventional loan. I’m looking to invest in a second property to rent. The goal is to have a monthly cash flow. The caveat is I don’t have the usual 20% down often required by conventional loans. Any advice?

[Gerardo Gallardo]

I forgot to mention that I have a vacant lot in SW Florida where I could build a new duplex. However, the cost to build a new duplex is probably between 140k - 200k. No idea how to finance it.