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Updated over 7 years ago on . Most recent reply

User Stats

8
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0
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Ostany D Isaac
  • WORCESTER, MA
0
Votes |
8
Posts

Buy second house as investment property

Ostany D Isaac
  • WORCESTER, MA
Posted

Hi guys looking for some advice here, I bought my first 3 family two years ago and now i think I'm ready to purchase a second 3 family as an investment property, I currently have an FHA on my 3 family so can't use the low down payment benefit of the FHA at the moment, Banks don't even want to hear the word second property without having 20 or 25% down :( , I have a solid credit, looking for low down payment option,maybe one of you would know a way around it, I want to be a real estate investor eventually but i wanted to have some property under my belt, as you all know, it's really hard for beginners to get a foot at the door, any advice would be appreciated

Thank you :)

Most Popular Reply

User Stats

100
Posts
54
Votes
Richard Beatty
  • Boston, MA
54
Votes |
100
Posts
Richard Beatty
  • Boston, MA
Replied

Do you have any equity in your 3 family?

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