Down payment Assistance on second property

[Joey Isidore]

Hello all,

Are there any down payment assistance programs for investment buyers? I am in the process of trying to purchase a second property as a investment multi-family home, I currently have one multi family that I brought using a FHA loan, but now I'm seeking to purchase a second property using a conventional loan so that I'm not subject to making it my primary residence, I've realized that most lenders would require you to put about 20% on a roughly 550k-650k (Massachusetts estimate) property which seems a bit much in the beginning stages of my portfolio. Any feedback or food for thought would be much appreciated, as I try to brainstorm ideas for ways that could possibly require me to come out of pocket less.

Thank you.

[Sherief Elbassuoni]

Most states do not have Down Payment Assistance for investment properties. 

You can do 1031 exchange into one or two other properties