Updated 3 months ago on . Most recent reply
Options for Funding Next Property
Looking to fund a second home.
I am currently house hacking a two unit property using a VA loan. I found a perfect next home that's a SFH with 2 ADUs in the California.
I’m looking at funding options. I have about 250k liquid to make the deal work. The house is 1.3 mil.
My current home would pay for itself once I rent out my unit. Not interested in selling at all.
The next property I want to either live as a second home using a conventional loan or other funding vehicle if it means just getting it as a straight investment property. Looking for suggestions and lenders to work with to make the deal happen. Considered DSCR but the ratio is too low with how much I'm trying to put down.