Hi there, new member in upstate NY (Albany). About a year ago I bought a duplex (live in one half rent out the other, cheaper than renting, its great!). I would love to get another, and another, but am looking for better financing options than the FHA mortgage I have now. It was so stressful trying to meet the standards of the appraiser from FHA, they wanted so much done before I even owned the place! I don’t mind fixing up the place, but it sucks to have to work on it before it is even yours.
So the thing is that I am definitely interested in owning more property, but don’t have enough for a downpayment on another, so what other financing options are there with very little down? I have heard about seller financing, but where do you find sellers willing to finance? Real estate clubs? Any advice would be most appreciated.