Updated over 5 years ago on . Most recent reply
How To Get Started Buying Rentals With Home Equity
Hello. I am 24, in San Angelo, TX. I bought my first house in Dec. 2019 and live there with my girlfriend and 4 kids. Our family is a little large to try and house hack a duplex /tri/fourplex or that would be my first option, so I am looking into trying to eventually take the equity from our house and purchase a rental property. How do I finance multiple properties off a single income without exceeding DTI ratio? Once the rental is purchased and rented out how can I refinance it and keep acquiring more and more properties. Just looking for the steps laid out for me more or less. Thanks in advance for any tips/recommendations.