Personal loans for down payment?

[Peter LaBreck]

So I acquired my first investment property with an FHA loan. It is a duplex which I will occupy for a year. After that purely investment property. In the next few months I want to attain another separate investment property. I have some funds to use but in order to cover the 20-25% down payment I would have to use a loan or personal loan. Has anyone done this and what should I be concerned about with this?

[Craig Curelop]

@Peter LaBreck - Congratulations on your first investment property! As for number 2, I would suggest being patient until you have enough for another down payment. 

From my experience, conventional lenders do not allow you to take a secondary loan for the down payment. 

You also want to be careful that you aren't leveraged to the hilt. What happens if market rents drop by $200? This is a very realistic scenario and you want to make sure you are covered.