Bank Demanding Collateral

[Isaac Worley]

Hi Friends!

I’ve got a duplex under contract in my city. 9% seller carry back negotiated and the other 11% of the down payment is being covered by me.

I own one other property, a house hack, but bank won’t loan me money because I don’t have enough collateral. Will other banks be more forgiving? Is there a strategy to circumnavigate this roadblock?

Thank You!