I’m going to be closing on my primary home on the next few months. I’m doing a conventional loan.

I now want to invest in a multi family unit with 20% down. I want something that will bring in 800-1000 a month after expenses. I have found several in the area I'm looking at. Will I have problems securing a 2nd mortgage for this ?

Thanks!

You'd have to look at your debt to income ratio.  Talk to your loan officer.

@Larry Shephard depends on your DTI, but no not really. You have several options for financing. Conventional just means you need to stay there owner occupied technically for 1 year before moving into another house owner occupied (unless theres extenuating circumstances like you need to be closer to a new job). If you have enough to put 20% down and won't be living in it you have almost every option available to you. Big banks might want 25% down for an investment property (from what I've heard).