Best way to by my next property

[Branden Miletta]

I currently own my own primary residence and am house hacking to help offset a little over half the mortgage. It is only a 2 bedroom so there is not much room to increase cashflow in that regard. I have owned it a little over a year and currently have an estimated 27k of equity built in. I am looking for ways to get into my next property, whether its a fix and flip, brrrr, or some sort of short-term rental. The issue i'm currently running into is with my first mortgage, when trying to get pre-approved I'm told I won't be able to afford to add an additional mortgage.  I'm currently in sales and am even pressure washing for additional income. Any advice or other strategies would be greatly appreciated!

[Abbey Humphreys]

If your credit score is good and you have the right capital, you should definitely check out DSCR loan options for the financing of your next property. These loans are asset-focused, so once you find a property that you want to rent out, you can apply for a DSCR loan. There are many ways to work around your financing needs!