Buying a Second Property. . .Is it Possible?

[Sarah Persin]

This is my first post, so be gentle! :)

About a year ago, I purchased a duplex. I was able to get a 30 year, 10% down. . .I am currently house hacking and paying very little toward the mortgage. The duplex next to the one I purchased is now up for sale by the same sellers of my CURRENT property. My question is. . .is there a creative way for me to purchase this without a huge down payment?

[Dennis Nguyen]

If you've lived in your property for a year you can purchase that next one with a low down-payment conventional loan. You can get super creative with Seller financing as well but that is something I would reach out to your agent and have them facilitate if you're not comfortable.