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Updated almost 3 years ago on . Most recent reply
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Help to find financing for single family investment rental
My wife and I are purchasing a 3rd home. We used a conventional previously, house hacked and moved out after 6 months and repeated process except the 2nd home we used a VA loan. We are still required to live in our current home due to VA stipulations. We have another single family home we are wanting to purchase as a rental but are not sure how to finance it. We do not have enough money for a 20-25% down payment. Sale price if the home is $250,000. Any help much appreciated!
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Quote from @Lincoln Glemaker:
My wife and I are purchasing a 3rd home. We used a conventional previously, house hacked and moved out after 6 months and repeated process except the 2nd home we used a VA loan. We are still required to live in our current home due to VA stipulations. We have another single family home we are wanting to purchase as a rental but are not sure how to finance it. We do not have enough money for a 20-25% down payment. Sale price if the home is $250,000. Any help much appreciated!