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Updated about 4 years ago on . Most recent reply

User Stats

35
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6
Votes
Rosaria Pipitone
  • Rental Property Investor
  • Haddon Heights, NJ
6
Votes |
35
Posts

2nd property- how to finance?

Rosaria Pipitone
  • Rental Property Investor
  • Haddon Heights, NJ
Posted

I bought a duplex with a FHA loan last year. Upgraded the property and now ready to rent. Cash flow will be about $500-$600 per month. Looking to purchase my second property. Wasn't approved for a mortgage for a second home. Does this mean I have to purchase my second property as an investment property? Any creative options?

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