Second property purchase

[Gulnora P.]

Hi there, I want to purchase my second investment property but don’t have enough funds to cover 20% down payment. What are my other options? I have purchased my 1st property 3 years ago. Thank you 

[Kyle Vogeler]

If you don't have significant equity in the first property and you don't have the cash for a down payment, then the next best bet is to find a good partner who will pay a portion of what is owed in return for ownership.

There are other options available, but they are rare, so I would make networking my top priority. 

And as for giving up ownership in the property - always remember that 10% of something is better than 100% of nothing!