All Forum Posts by: Trevor Davis

I'm almost positive you can do 5% down when acquiring a second property.  That's what I'm planning to do, so hopefully I'm right about that.  You'd have to pay mortgage insurance, but that's not too bad at the current rate.  Hopefully a lender will chime in.

 Doing this a time or two before buying your dream home could be great for you.  The "Denver Real Estate Investing" podcast advocates a strategy pretty similar to your idea.  They are starting to include the Springs market too.  It's a pretty dialed in podcast that is binge-worthy, and worth keeping up with. 

I agree with what Scott says. I think the next step would be contacting a lender to find out what you do qualify for (if anything).  Then you can ask what they want to see from you to get qualified.

When you do eventually get qualified, find out how much you are qualified for if buying a duplex, triplex, or a quad.  These amounts can vary.  I missed out on a great triplex because I didn't know my borrowing limit was higher for a triplex than a single family home.

I just listed my condo and my viewing numbers are bad. I believe the problem is my condo is buried on the real estate apps. Zillow puts just one icon (the oval that shows the price) on my entire building, and it links to another unit that has been on the market for over a month. I can't reliabily navigate to my listing despite the fact i'm specifically looking for it.  Somebody browsing would never see it. 

Is there a way to increase visibility on real estate apps? I'd like to bring my listing to the top, or better yet, get a separate icon for my unit. Anything suggestions to increase visibility would be much appreciated!