All Forum Posts by: Huy Le

You can either wait a year then buy a new primary residence with 5-10% down, and rent out your current home or you'll have to use a creative finance strategy like @Joe Aiola mentioned above - BRRRR, partner, seller finance, sub2, etc.

Thanks Cameron! I thought I read/heard that somewhere but I can't remember the source. So after waiting a year (I'm assuming since my closing date), I can buy another primary residence using traditional FHA, right?

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Originally posted by @Joe Aiola:

@Huy Le Did the money you put into your primary residence add a lot of equity? If so, you might have some options there.

You can buy an investment properties with less than 20% down, it's just a little tougher. Look into seller financing options or doing a BRRRR. Another possible way is to find a partner - have them put the money down but then you manage the rental.

Hope this helps and best of luck!

I think my best bet as of right now is go towards a seller financing option, since I don't know where to start to find a partner. Thank you for your advice, I appreciate it!

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I bought a primary residence 5 months ago, and put a lot of money into it. I would like to purchase an investment property, but I would need a 20-25% down payment - which I don't have.

Can I buy it as a "secondary home" and put down something less than 20% and rent it out right away?

Are there other alternative methods I can utilize to acquire this investment property?

thank you in advance for you guidance!

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All Forum Posts by: Huy Le

Huy Le has started 2 posts and replied 13 times.

Post: What should I know about purchasing a secondary home?

Post: What should I know about purchasing a secondary home?

Post: What should I know about purchasing a secondary home?