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Updated over 12 years ago,

User Stats

80
Posts
3
Votes
Amir Saeed
  • Investor
  • Bethesda, MD
3
Votes |
80
Posts

Need Expert Opinions For Rental Positive Cash Flow

Amir Saeed
  • Investor
  • Bethesda, MD
Posted

I am new to Real Estate Investment. I am looking at a possible deal. Purchase a property and use it for a rental (positive cash flow). I have a property in sight, and the numbers are working pretty good. The only issue is that I already own a house and to get the financing for the second is hard. From what I have seen so far there are three categories primary, second home( Far away, resort, beach....etc) or the last option which is investment.

I was looking to put around 5% down for the down payment but looks like I am leaning towards the third option which is investment which requires 20-25% down. Is there any way I could make my deal a second house and not go with investment option. I am sure its doable, but somehow I have to make the property appear not as an investment. Can anyone suggest any tips...Thanks

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