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Updated about 4 years ago on . Most recent reply

User Stats

81
Posts
16
Votes
Jay Mersfelder
  • Flipper/Rehabber
  • Covington, KY
16
Votes |
81
Posts

Buying 2nd home advice

Jay Mersfelder
  • Flipper/Rehabber
  • Covington, KY
Posted

I'm in process of purchasing my second home and with today's marker it's been difficult to find something I can build any equity in.. I'm bouncing all over the place with ideals but it's making it even harder send being new at investing..I have 45,ooo cash to use haven't never used a FHA loan. I'm wondering if I should use that option if it would be helpful to build more investment properties in long run and when using conventional loan say if I put 25% down does closing go into that loan or is closing on top of 25% down. Thanks for any thoughts or strategies to help me make better decision.

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