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Updated almost 4 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Trevor Bogus
  • Rental Property Investor
  • Durango, CO
2
Votes |
10
Posts

Financing your 2nd Deal

Trevor Bogus
  • Rental Property Investor
  • Durango, CO
Posted

We recently purchased our first investment property through an FHA loan (3.5% down). I think you could say we now have the real estate bug because we cannot stop thinking about out buying a second property. With that said, we need a way to finance it. We could likely save up for a down payment on conventional financing in the next year, but what other strategies have you used to finance your second deal? Hard money, seller financing, other? How did it work out?

Thanks in advance!

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