Loan for second investment property

[Account Closed]

Hi

I already own an investment property and I had enough down payment saved up for it so getting a loan was not a problem. I'm looking to buy another property out of state in Cleveland, OH area. I want to start small with a duplex. But the problem is I dont have enough down payment to put down for investment property loans. I might only have 5% down payment. Even if I can get a loan with 5% down, my concern is how am I going to get any cash flow from my second investment because the mortgage payment will be high. Does anyone have any alternative solutions besides private lending? Thank you in advance.

[Carla Kordab]

Quote from @Account Closed:

Hi

I already own an investment property and I had enough down payment saved up for it so getting a loan was not a problem. I'm looking to buy another property out of state in Cleveland, OH area. I want to start small with a duplex. But the problem is I dont have enough down payment to put down for investment property loans. I might only have 5% down payment. Even if I can get a loan with 5% down, my concern is how am I going to get any cash flow from my second investment because the mortgage payment will be high. Does anyone have any alternative solutions besides private lending? Thank you in advance.

I recommend you to have a chat with @Muhammad Amawi, he can give you the right advice.

All the best!