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Updated about 3 years ago,
Trying to buy my 3rd property
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!