@VICTOR TEYE I have not seen any investor loans (i.e. non-owner occupant) that you can have less than 20% down payment (or equity).Not having any FHA loans, I am not familiar with them, but what they are telling me makes sense.Banks see non-owner occupant loans as more risky, and thus the higher down payment/equity.I think your going to have to wait until your existing house has enough equity to get a HELOC to use as your down payment or refinance at 80% LTV.

I still like the options, but will be looking into funding some purchases with a HELOC or similar vehicle.Eric 

a HELOC vs your primary residence is the cheapest $ out there. 

I took a $100K HELOC to purchase the package. 

I personally was expecting to need to use my savings or a HELOC to finance the downpayment/reno's of units that I plan to buy.

But , in order for us to " Re-Coup " that $20,000 , in the form of getting It all ( or most of it back ) in the form of a Cash-Out refi. and or HELOC .... we would need an LTV of 95% to 100% when we go to do the refi. , which basically are hard to come by and or don't exist, Unless you purchased your property as...... 1. used a VA loan   2.

Can you convert your 2nd home into a rental property and keep your Heloc?

So, I bought a new primary residence a year and a half ago with cash. I'd like to take out a LOC on it to use for fix & flips and/or buy & hold acquisitions. Problem is, I don't have any W2 income since I don'...

I'm working on my first deal to buy a duplex using HELOC for down payment.  

My wife and I are in the process of opening a HELOC on our personal residence.