Help with a Lender issue

[Lisa Juarez]

I was set up with a lender by my new realtor. He talked like buying an investment property was difficult with no money. He didn't seem to grasp what I needed & because I mentioned seeing an ad saying it was eligible for zero down with an RD loan, he was stuck on that as a loan option. He was also stuck on me telling him my first property would be for my daughter. Is this someone that is not knowledgeable about investing strategies. What should I be telling him to get him to understand I want to INVEST, not buy a personal home? He told me that it will be difficult to get another mortgage since I already have an FHA loan & no starting capital. Is he right? I will be attending the webinar today. Hopefully I will learn a better way!

[Chris Mason]

Originally posted by @Lisa Juarez:

If I lived in one of the units in a triplex, would I have better options?

Refinance existing property out of FHA, thus restoring FHA eligibility, buy next prop with FHA. Not really a new trick. May not work if you need rental income is needed to qualify.