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Updated almost 4 years ago,
Can you buy a low down payment duplex & already have a SFHrental?
Hello, my wife and I sold our live in flip for a great profit and have cash for a conventional down payment on a SFH rental.
We are currently living in my friends duplex.
We also hope to buy an owner occupied small multi family for us to move into this year, in addition to buying a single family home rental before a duplex...
Question is, If we get a rental house (conventional 20% down-could we do less?)
Could we also buy an owner occupied duplex for low or no money down this year also?
We don’t want hard or private money, prefer more traditional mortgages like fha, conventional or usda.
Thanks in advance!