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Updated about 5 years ago on . Most recent reply

User Stats

98
Posts
38
Votes
Patrick Shep
  • Rental Property Investor
  • Washington, DC
38
Votes |
98
Posts

2nd mortgage after closing on primary home?

Patrick Shep
  • Rental Property Investor
  • Washington, DC
Posted

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!

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