You won't need to refinance because you've already got a long term mortgage, but if rates come down significantly you'll want to refi to reduce the monthly payment.

Unless you can purchase the first home as primary and show you will be buying the next FHA home closer to work, or out of state.There is also something called a "Gift of Equity" where you do not have to assume the loan you can use gifted equity for a down payment and closing costs.

Here are some steps and considerations:Lenders look at your debt-to-income ratio (DTI) to determine your ability to manage monthly payments on the money you borrow.

I'm sure the numbers are more favorable if you completely own the property and don't have to do mortgage payments or have some other bond or something to cover the mortgage payment cost.

Typically investment properties requires 15%-25% down payment depending if it's a single family or multifamily.

@Tristan Bennett, DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans: 1.

If they do they still want a down payment among other things.If you talk to people that have owner financed deals with little down many were from 2 to 4 year ago and now they might still have little to no money down on a deal but have considerable assets to put up at stake."

How much do you have to contribute toward a down payment ?

I figure if I went with the unsecure loan I can purchase under that minimum loan amount that the HML requires (preserving my 30k in capital vs using it as a down payment).

My current property manager doesn't instead sending a monthly ledger with the month's payments (company name, pay date, amount) as well as monthly income/expense statement.