How to get my second investment property.

[Timothy Meuse]

So my wife and I purchased a duplex in Salem Massachusetts in September of this year and we live in half. We both have full time jobs plumber/recruiter and we want to purchase another multifamily. We don't have the 25% down required for investment only and we are utilizing an fha loan in our current property.  Do we have any options to get another property without putting down 25% (125k+). There are just so many deals that I look at daily and don't know how to pursue.   Does anyone know if we could do another fha? We also don't have quite 20%equity in the house yet to refi then heloc. Any input would be great. 

[Matthew Brenner]

After a year in the house, you can move and get an FHA loan on a new property, assuming you meet the requirements for another loan (debt ceiling, credit, etc.).

If you don't want to wait, there exist 20% down loans on investment duplexes if you shop around. A mortgage broker may be able to help with that. If you cannot get 20% together, then it may be time to start driving for dollars.  Look for single family homes that may allow for creative financing.