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Updated about 8 years ago on . Most recent reply

User Stats

312
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136
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Jake Thompson
  • Rental Property Investor
  • Albany, OR
136
Votes |
312
Posts

How to Finance 2nd Property

Jake Thompson
  • Rental Property Investor
  • Albany, OR
Posted

Hello my fellow investors, I eventually acquired my first property, a duplex, and am look to purchase another 2-4 unit property soon. Right now I'm trying to figure out the best potion for financing it. So far my thoughts are:

Conventional: save up 20% down (slow, but definitely an option)

Family/outside investors: could be tough since I'm so new.

Hard money lender

Seller financing

What do you guys think? 

Most Popular Reply

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9,934
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Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
Posts
Chris Mason
  • Lender
  • California
ModeratorReplied

If my income weren't already all tied up in RE and I were in a responsible position to be a REI type, I'd totally bounce around the universe always using VA/FHA o/o and build up an empire that way without ever putting more than 3.5% down.

  • Chris Mason
  • Loading replies...