Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago,

User Stats

8
Posts
0
Votes
Chris Norris
  • Real Estate Investor
  • FL
0
Votes |
8
Posts

Financing a 2nd investment property

Chris Norris
  • Real Estate Investor
  • FL
Posted

Looking for a way to finance my 2nd investment...any ideas?

I applied for a conventional loan at my bank which has never said no in lending me money for anything other than a home. Currently,
I am looking for a mortgage to a home that my family will live in. I applied to the bank and they turned down my application. Here are the stats: I was asking for $120K with $10K down and my family was going to live in the property. I have always wanted to invest in real estate, but now that I am trying to purchase my second home it seems impossible to get funding even with $10K down. The downside to me is what about the 3rd property, if I have a rough time getting the second, how am I going to use OPM in order fund a 3rd property?

Thanks for the help in advance.

Loading replies...