Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Second House Purchase After Renting My First
Hey everyone! So I was initially going to sell my house but the buyer backed out due to roof needing replaced and didn't want to negotiate... that being said I am thinking about refinancing it instead to lower the payment and get rid of PMI so I can cash flow the property and hold onto it. I would like to move into another house but wasn't sure what I will have to put down on my second home. 2 years ago when I bought my first I only had to put down 3.5%. Would that be the case for a second home aswell or will it be 5, 10, or 20%? Thank you all!