Updated over 13 years ago on . Most recent reply
How to buy a second 2 family property?
Hi,
We purchased our first home a 2 family, we live downstairs and rent upstairs unit.
It's a positive cash flowing property.
We purchased it with an FHA first time home owners loan - 5% down.
We would really like to purchase a second property - we have looked at quite a few and the numbers work but we do not have the 20% down payment to purchase a second property.
Is there any way around this?
Thanks for any advice.
D