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Updated almost 3 years ago on . Most recent reply
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How do I buy my second property?
There are plenty of resources out there to buy your first home, especially here on bigger pockets. Thanks to the amazing resources available here I was able to purchase my first home with confidence and clarity. Now I come to you all again looking for your educated and informed advice.
I am currently in the market for my second home. At the time I was a first time home buyer and had many options available to me. Now that I am looking for a second home, requirements for conventional loans have become much more demanding. To obtain a loan I need 20% down because it is considered an "investment property". I am currently saving for 20% and have applied for a HELOC for the amount of 25k but in my market that won't get me to 20% anytime soon.
Is there other options I have to acquire a second property?
Most Popular Reply
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1. seller financing.
2. partnership
3. house hack again and refi out of your original property
These are a few options.
- Joshua Janus
- [email protected]
- 614-502-5316
- Podcast Guest on Show #1