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Updated about 5 years ago,

User Stats

7
Posts
8
Votes
Chris Musser
  • Rental Property Investor
  • Chicago, IL
8
Votes |
7
Posts

Buying 2nd property, but I really want a LARGE building.

Chris Musser
  • Rental Property Investor
  • Chicago, IL
Posted

(Chicago) I have a 3 flat FHA, closing on a 2 flat under a 5% down loan, but I really want a LARGER building, but all I can usually come up with is 20k for a down payment. Credit is 800, but no way could I come up with 25%. Current building is doing well, I would just prefer not to run all over the city maintaining my properties. I need around 10 or so, or one big apt building. I need financing with a LOW down payment...any ideas? I could make it happen with 1M, maybe a little less.

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