Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Robert Guerrero
  • Aurora, IL
0
Votes |
2
Posts

Home ownership ready for 2nd property with out 20% any ideas?!!

Robert Guerrero
  • Aurora, IL
Posted

What are few different options or suggestions for the avg persona that already bought their house a year ago n wants to me invest ina another property but don’t have enough for loan.

Most Popular Reply

User Stats

2,030
Posts
3,308
Votes
Anthony Gayden
  • Rental Property Investor
  • Omaha, NE
3,308
Votes |
2,030
Posts
Anthony Gayden
  • Rental Property Investor
  • Omaha, NE
Replied

@Robert Guerrero

I used owner occupied mortgages to purchase several of my properties with 5% down or less.

I bought my 4-plex with an FHA loan 3.5% down, lived in it for about a year then moved and turned the unit I lived in into a rental.

Next I bought a single family home with conventional financing 5% down, lived there for 2 years moved and turned it into a rental.

I bought my current house with conventional financing 5% down and have lived here for about 1.5 years. I will eventually turn it into a rental and buy another primary residence with 5% down.

  • Anthony Gayden
  • Podcast Guest on Show #21
  • Loading replies...