Best financial options for my buying my second rental property.

[Jonathan M.]

Hi everyone!

 I am currently am ready for another investment, I currently own a duplex in which I live in one side and rent out the other which covers all my living expenses .

Right now I have about 90k in equity in my duplex, another 90k in cash and a 760 Credit Score.

So far all of my financing options require me to put a 25 percent down payment on a second investment property with about a 4.7 percent interest rate which leaves me little room for MY NOI.

So my question,

Is there a way for me to put less than 25 percent down with a lower interest rate? I've also heard of cash out refinances which would give me a way to put zero of my cash down but I am uneducated in this area.

Additionally, I have also looked at the option of a FHA construction-to-perm loan with 5 percent down and 3.5 interest.

So building a Quadplex in high desired area where rent is high, however, I am uneducated in this area of construction financing. 

Thank you for the help! John