Financing a Second Property

[Paul A.]

Hello!

I've recently purchased my first property, a triplex in fact, and I am looking to start saving for my second property down the road. I do have a quick question though.

Since I financed my first property as FHA with 3.5% down, how much and what type of loan could I use for my second property? Do all properties here on out need 20% down? Or can you carry multiple properties with say a 5% conventional mortgage?

Thanks!

Paul