Posted by dewCO on July 28, 2001 at 15:47:47:
That’s right–owner occupants get better interest rates and lower down payments. Clue: move in to the next one. Or, try Northamerican Mortgage, they might a 5% investor loan. Or, learn creative real estate as it is practiced here. Good luck!
Bought 1st duplex now what? - Posted by Elle
Posted by Elle on July 28, 2001 at 08:27:19:
I bought my 1st duplex in Jan 01 now I want another but I can’t seem to get around paying high downpayments or interest rates on loans.No one will let me buy another duplex & keep the one I have without paying investment property prices.I do not want to put 10 or 20 % down.How can I get around that,are there mortgage companies that will work with me.If I buy 2 properties in the same year what does that do to my taxes.Thankyou in advance…Elle