Want to buy investment property and secure a mortgage

[Karen Malecki]

Hi there, I'm looking for advice on how to secure a mortgage for an investment property with a foreclosure on my credit report from 2011. I have an fha loan for an owner occupied two family I purchased last year. I have about 100,000 in equity in that property. I want to buy a three family as an investment property and have 20% to put down. The property is about 200,000 with a rent roll of about 3000 per month. Does anyone have an advice on how to get a mortgage for this property with a foreclosure on my credit report? The mortgage companies Ive contacted have told me that I have to wait for 7 years to get a traditional mortgage and I'm trying to get around that. Any advice is appreciated! Thank you! Karen