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Updated over 4 years ago,
One rental down ! Now what?
Ok here’s my thoughts ,
I’m thinking long term like 1-2 years from now , my plan is in a few month to buy a single family home , live in it for a short time; and then turn it into a rental. Once I turn it into said rental I go and buy another property to live in as a primary residence .
Is there another way to go about buying rental 2,3,4,5 and so on without putting 20% down?.
I’ve read about conventional loans and 5% down but I’m not sure if that applies here.
This situation above is the plan I have for the near future . I’m just trying to make sure i have the right mindset going into this and making sure I plan accordingly.
Thank you for any and all input in advance !