Preparing for property #2

[Derek Meyer]

My wife and I are under contract on a duplex.

We’re making a 25% downpayment coming almost entirely from appreciation from our primary dwelling.

I want to target getting property #2 by Jan 2023 but I don’t know that we’ll have saved enough and I can’t plan with the expectation that appreciation continues.

Has anyone found a 80-90% LTV for a 2-4 unit multifamily property? A 25% downpayment is currently about $75-$90k in my market.