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Updated over 5 years ago on . Most recent reply

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

@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.