All Forum Posts by: Patrick Ng

@Michael Guzik unfortunately cannot FHA this property as I will not be house hacking.

@Mike Taddy Hi Mike, yup this is a straight investment property, so no FHA/ primary home funding for this one.

Hi all,

Newbie looking to move on my first duplex. Recently had an offer accepted for a duplex in San Antonio. I have been shopping for ways to finance the property. After calling multiple lenders and brokers, it seems as if my only option through conventional loans is a 75% LTV. Putting 25% down for the property is going to stretch me a little bit, and wanted to know if anyone had similar experiences/advice on how to fund the deal with leaving more cash on hand. Thanks everyone, happy holidays!

Hi all,

Newbie looking to move on my first duplex. Recently had an offer accepted for a duplex in San Antonio. I have been shopping for ways to finance the property. After calling multiple lenders and brokers, it seems as if my only option through conventional loans is a 75% LTV. Putting 25% down for the property is going to stretch me a little bit, and wanted to know if anyone had similar experiences/advice on how to fund the deal with leaving more cash on hand. Thanks everyone, happy holidays!

@Michael Plaks Ill re post in Financing, thank you!!

@Jay Helms I am open to the idea and have been discussing with a few people in my network, however no luck yet.

@Jason HirkoNot planning to rehab. I do anticipate the property needing a few repairs from turnover, but nothing major. Do you have any specific portfolio lending banks/ CUs in the SA area that you could recommend?

Thanks all.

@Von S.

@Ben Freiman

Thanks for the replies! I won't be house hacking on this one, it is going to be (hopefully) tenant occupied, so I cannot get an FHA for it.

Hi all,

Newbie looking to move on my first duplex. Recently had an offer accepted for a duplex in San Antonio. I have been shopping for ways to finance the property. After calling multiple lenders and brokers, it seems as if my only option through conventional loans is a 75% LTV. Putting 25% down for the property is going to stretch me a little bit, and wanted to know if anyone had similar experiences/advice on how to fund the deal with leaving more cash on hand. Thanks everyone, happy holidays!

Hi all,

Newbie looking to move on my first duplex. Recently had an offer accepted for a duplex in San Antonio. I have been shopping for ways to finance the property. After calling multiple lenders and brokers, it seems as if my only option through conventional loans is a 75% LTV. Putting 25% down for the property is going to stretch me a little bit, and wanted to know if anyone had similar experiences/advice on how to fund the deal with leaving more cash on hand. Thanks everyone, happy holidays!

@Kevin Hunter

Thanks for the advice! Definitely going to revisit this with my PM. Appreciate it!

@Rick Pozos

@Ian R.

Thank you!