Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
![Rafiq Merchant's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/568335/1695880837-avatar-rafiqm.jpg?twic=v1/output=image/cover=128x128&v=2)
Downpayment for second investment property.
Hi - I started RE investing this year and closed on my first investment property (brand new SFR) in Feb. The home purchase price was 235K, with a 20% down my conventional loan is around 185K. The current home value is around 260K, and is currently rented out at 1900/pm. Now we are building our second investment property with the same builder as they are giving us lot of incentives. This second property will run me around 250K and I expect to close in December. I do have some cash saved up for the downpayment, however was wondering if there could be some other way to come up with the downpayment. I dont want to cash refinance the first property just yet, I will do that after I close on the second property to avoid credit issues. I could use some thoughts and advise.