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Updated over 3 years ago on . Most recent reply

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2
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0
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Stephen Sonny Tipoti
  • Rental Property Investor
  • Honolulu, HI
0
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2
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Trying to buy my 3rd property

Stephen Sonny Tipoti
  • Rental Property Investor
  • Honolulu, HI
Posted

I currently have 2 properties (I live in one). One is a conventional loan property (townhouse) located in California and the other is a VA loan (Im active duty) here in Hawaii. I really want to get a multifamily (duplex or triplex) but kind of stuck on how to get the next loan. I know on purchasing my second property, I was suppose to be able to show 6 months of mortgage for my first property. I'm assuming now I will have to show 6 months of the first property plus another 6 months from the home I am currently in. I know the skinny would be just come up with the money or save. Is their a better way or a program or something? Any help would be awesome. I AM A COMPLETE NEWBIE AT THIS..Have a great day!

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