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Updated about 11 years ago on . Most recent reply
![Shawn Mcenteer's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/128334/1698352152-avatar-housefinder7.jpg?twic=v1/output=image/crop=1162x1162@0x7/cover=128x128&v=2)
My situation
I have found a property that can be flipped for a nice profit. My problem is getting the mortgage to purchase the property. My wife and I just purchased our first property in July because of this we do not have much equity in our property we live at. I have 20% to put down but that would leave me with little wiggle room to rehab property. I would likely need to bring another investor into the picture but does anyone have any suggestions on how I can get around this dilemma on my own? I guess the big question is is it possible to get a loan for less than 20% on a second property with the intentions of flipping?
- Shawn Mcenteer
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Living In North Jersey
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