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Updated over 10 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Brittany Hart
  • Real Estate Investor
  • Kenai, AK
1
Votes |
18
Posts

How to Purchase 2nd or 3rd property?

Brittany Hart
  • Real Estate Investor
  • Kenai, AK
Posted
So we are closing on our first rental property next week. It is a four plex with an FHA loan for $275,000 - 3.5% down. There are current tenants, but we qualified with just my husbands income. We already found a single family residence for $50,000 and a duplex for $110,000 that we want to purchase. How do we get the bank to finance these when we just got the other loan? Any and all advice is greatly appreciated, thanks

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