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Private Lending & Conventional Mortgage Advice

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Anthony Gayden
Pro Member
  • Rental Property Investor
  • Omaha, NE
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Buying a 4 plex as a Second Home

Anthony Gayden
Pro Member
  • Rental Property Investor
  • Omaha, NE
Posted Nov 6 2014, 11:54

Here is a question that I have thought of while trying to come up with a creative way to finance another property with less than 25% down. 

One of the banks that I looked at offers up to 90% LTV on second homes. I honestly have never heard of anyone using a 4 plex as a second home, but I don't see why it would not be possible. Right now my primary residence is also a 4 plex that I bought with an FHA loan, so I can't go that route again.

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