All Forum Posts by: Bobby Kingsada

There are plenty of resources out there to buy your first home, especially here on bigger pockets. Thanks to the amazing resources available here I was able to purchase my first home with confidence and clarity. Now I come to you all again looking for your educated and informed advice. 

I am currently in the market for my second home. At the time I was a first time home buyer and had many options available to me. Now that I am looking for a second home, requirements for conventional loans have become much more demanding. To obtain a loan I need 20% down because it is considered an "investment property". I am currently saving for 20% and have applied for a HELOC for the amount of 25k but in my market that won't get me to 20% anytime soon.

Is there other options I have to acquire a second property?