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Updated almost 5 years ago,
Financing 1st Rental Property
I am looking to get into real estate and purchase my 1st property. My local bank has stated that it would be very difficult to finance since I already have a mortgage in my name and would atleast need 25% and 12 months reserve.
Are there any ways to get financing? I've looked into hard money, but was told that is only used for flipping houses.