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Minnesota Real Estate Q&A Discussion Forum

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Amanda Miller
  • Minneapolis , Minnesota
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Financing routes for rental property and primary residence

Amanda Miller
  • Minneapolis , Minnesota
Posted Mar 27 2018, 10:57

Hello all, newbie here,

I am looking for advice on which route I should take for financing. My story: currently renting but recently found a triplex I'm interested in as an investment property. My lease is up in October which is when I'd like to buy a duplex via FHA and live in one side. My dilemma: What type of lender should I be using being that I want to acquire 2 mortgages in a short period of time. How does a mortgage on a investment property effect the likelihood of acquiring an additional mortgage for a primary residence.

Thank you! 

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