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Updated over 4 years ago,

User Stats

38
Posts
12
Votes
Pedro Jean
  • Rental Property Investor
  • Pawtucket, RI
12
Votes |
38
Posts

Funding for a 2nd multi family

Pedro Jean
  • Rental Property Investor
  • Pawtucket, RI
Posted

I am looking to buy a 2nd multi family home but lender wants 25% down payment. When I bought the first multi family home, I was able to put only 10% down (conventional 30 yr loan, owner occupied) and there was no problem. How can I get a 2nd multifamily home without putting 25% down? I’m house hacking in the 1st property, my goal would be to move out from the 1st property and go to the 2nd property without having to put 25% down... Is there a strategy or techniques that I can use to get a 2nd multi family home without putting 25% down?

Anybody with a few multi family homes on here , can you please share some ideas on how you go from 1 multi to a few multi’s without putting an enormous amount ( 25% down)

Any ideas would be greatly appreciated!!

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