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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateNeed 20% Down For Second House Hack?..
Art Maydan's profile image
Art Maydan's profile image
Art Maydan
  • from Chicago, IL
  • Member since Dec 5, 2015
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Art Maydan's profile image
Art Maydan's profile image
Art Maydan
  • from Chicago, IL
  • Member since Dec 5, 2015
Connect
Art Maydan
  • Chicago, IL
92
Votes |
409
Posts
Buying & Selling Real Estate

Need 20% Down For Second House Hack?..

Art Maydan
  • Chicago, IL
Posted May 5 2017, 08:22

I bought a duplex with 5% down conventional to house hack 8 months ago and I’m starting to look for another multi-unit to do the same with in a few months. I asked my lender how low a down payment he’s offering on conventional owner-occupied multis right now and he said 20% since I already own a multi. Is that accurate or do I need a new lender?

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