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Updated over 4 years ago,
2nd mortgage after closing on primary home?
I’m going to be closing on my primary home on the next few months. I’m doing a conventional loan.
I now want to invest in a multi family unit with 20% down. I want something that will bring in 800-1000 a month after expenses. I have found several in the area I’m looking at. Will I have problems securing a 2nd mortgage for this ?
Thanks!