Updated about 4 years ago on . Most recent reply
First Investment Property After owning a 1 Family
Hello, After listening to hundreds of podcast I decided to create an account here :)
Right to the point, I currently own a 1 family which has significantly accrued equity within the past 5 years, $200k+. I am looking for a duplex as my next investment property while living at my 1 family until I potentially put it up for sale. I have done my research and it seems I will have to come up with the 20% DP to purchase an Investment property since I will not qualify for FHA 1st time home buyer.
I am looking for duplex in the $350k/$400k if I get lucky in this market, and will have the 20% DP available hard cash.
My questions is, what are my options to avoid the 20% DP?