Buying 2nd rental property

[Frank Bordonaro]

Hello all,

so i just purchased my first 2 family house during this crisis, the values will obviously come down but thats ok I am not planning on selling.  So i will be living in the upstiars and renting the other unit which pays my mortgage and some taxes.  I put down only 5% as a first time home buyer i got very good terms with bank of america, home loan grants closing cost grants.  My question is how do you buy a 2nd property? Are any lenders giving 10% down mortgages? I live on long island, closing costs are 25k plus down payments.  2 family houses are MINIMUM 400k but hoping to take advantage of this virus and find some deals.  Regardless its still very expensive and difficult to purchase homes with 20% down plus closing costs on long island.  350k house would be close to 90k -100k to close with 20% down.  Any other options that you know of or advice to a newbie trying to build a portfolio?