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Updated over 7 years ago,
Multiple Rentals, Low Down Payment - Is it possible?
So my plan is to accumulate multiple rental properties for buy and hold. I currently have a townhome that I recently purchased using an FHA loan, only having to put 4% down. Earlier this year I was able to finance a duplex conventional, at the time I had the funds to put down 20% which was what I was approved for. Now that I have 2 rentals under my belt ( 1 FHA/ 1 conventional) How am I to finance another loan without having to put down 20%? I just don't have that much.
Any suggestions???