How in efficient way to buy a second property

[Sergey Mikhaylyuk]

Hi everyone,

A question from a very newbie...

My friend is looking to buy a second property in Nashville, TN area. First more expensive property for personal use was bought 2.5 month ago with low downpayment and low interest rate. Now she is ready to buy a second property and someone told her that it would be an investment property with 25% and higher interest rate because this property is less than 100 miles away from personal residence. Does it always work like that?

I thought that you can acquire a few properties with 20% and interest rate as low as you buy a real estate property for personal use.