Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply
Can I get an interest only loan without a downpayment
I found a fourplex I want to owner occupy but I’m currently owner occupying one. I have to wait about 11 months before I can move. Is there any way I can get an interest only loan or something to hold the other property and refi when I can move in with an FHA loan?
I don’t have enough money down for a conventional investment mortgage.
Most Popular Reply
Steve Vaughan
#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
- 16,108
- Votes |
- 10,250
- Posts
Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
An option to buy or MLO executed properly would hold it and lock you in. But that still takes some money. Is this an off-market deal directly with a tired landlord?
We simply can't buy and occupy every property that comes along, especially when we're broke. Scorched earth budget and 3 jobs is what most of us do early on.