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Updated over 12 years ago on . Most recent reply

Dolores Waldron's profile image
Dolores Waldron's profile image
Dolores Waldron
  • from Medford, Massachusetts
  • Member since May 8, 2008
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Dolores Waldron's profile image
Dolores Waldron's profile image
Dolores Waldron
  • from Medford, Massachusetts
  • Member since May 8, 2008
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Dolores Waldron
  • Medford, MA
23
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122
Posts
Real Estate Deal Analysis & Advice

How to buy a second 2 family property?

Dolores Waldron
  • Medford, MA
Posted

Hi,
We purchased our first home a 2 family, we live downstairs and rent upstairs unit.
It's a positive cash flowing property.
We purchased it with an FHA first time home owners loan - 5% down.
We would really like to purchase a second property - we have looked at quite a few and the numbers work but we do not have the 20% down payment to purchase a second property.
Is there any way around this?
Thanks for any advice.
D

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