Help with financing multiple properties
I plan to buy at least 4 investment properties in my first year at REI, is this possible? My initial duplex will be through an FHA loan. How do I get financing for the other 3 properties? by lauronen872 from Bell City, Louisiana. Feb 25th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
You sad 4 investment properties. Do you plan on living in one half of the first one? You can get an FHA loan loan on a duplex with just 3.5% down if one half is owner occupied. otherwise FHA doesn't do 'investment loans.' The common loan is a standard 30-year fixed. For an investment duplex, the common down payment is at least 20%. I lend in MN, WI IA, ND, SD. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132
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