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Updated about 10 years ago on . Most recent reply

User Stats

23
Posts
3
Votes
Erik Schubert
  • Real Estate Investor
  • Bristol, CT
3
Votes |
23
Posts

Next financing move

Erik Schubert
  • Real Estate Investor
  • Bristol, CT
Posted

I want to make another move, but I'm nervous about mortgaging myself too much, then come the day I want a house of my own, I can't get one. I have one 30 yr mortgage on my plate right now.

I can live in my rental for a few more years, but I'm getting tired of being in an apartment, and being around my tenants.

What should my next move/plan? How have others stepped into this? I don't believe I really care how I get financed, as long as I can get as low of a down payment as possible (at least on an investment) and a decent rate.

My mortgage broker made it seem like he could get me into a single family house, with a loan similar to a 203K, but with out the feds involved. I wouldn't mind that route, fix it up and sell in a year or two, but I feel a multi is a wiser investment for me right now.

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