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Updated over 3 years ago,

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2
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0
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Ciano Mendez
  • Investor
  • Boston, MA
0
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2
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First Investment Property After owning a 1 Family

Ciano Mendez
  • Investor
  • Boston, MA
Posted

Hello, After listening to hundreds of podcast I decided to create an account here :) 

Right to the point, I currently own a 1 family which has significantly accrued equity within the past 5 years, $200k+. I am looking for a duplex as my next investment property while living at my 1 family until I potentially put it up for sale. I have done my research and it seems I will have to come up with the 20% DP to purchase an Investment property since I will not qualify for FHA 1st time home buyer.

I am looking for duplex in the $350k/$400k if I get lucky in this market, and will have the 20% DP available hard cash. 

My questions is, what are my options to avoid the 20% DP? 

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