Itching for a second deal

[Lucas Hammer]

So we're house hacking a 2-flat in Chicago right now and I keep seeing buildings in the neighborhood popping up cheap enough that I could be sure to cash flow, but getting that 20% - 20% for the second down payment is killing me. I'm in an FHA loan right now, so I know I got spoiled. I have plenty of open credit on cards, but nothing I can really use as a down payment. I'm assuming the best advice is just to keep saving and saving until I get enough for the second down payment or wait until my house appreciates enough to get a HELOC, but any specific advice for getting that second deal done other than the obvious?

[Jeff Burdick]

Originally posted by @Lucas Hammer:

@Jeff Burdick Nice. Can I ask which lender you used? I went with Guaranteed Rate initially and they wouldn't even let me owner occupy a multi-unit without 20% down unless I went with FHA.

 I used a mortgage broker.  They shop for the best rates and terms.