How to buy 2nd investment property
I have 2 mortgages. Investment(20% down payment made) and Primary residence(5% down made and later refinanced for waiving off PMI) both were taken in last 1.5 years in Austin, TX. I can only get 100K mortgage today with my income. How can I can buy my second investment home? How did you all make it?
@Monica Elisson
Depending on when you bought your investment property, do a cash-out refi. You could also just find a partner that's more lendable and have them on the loan while you are just on the title and all you have to bring is your portion of down payment depending on how you structure the relationship.
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Real Estate Agent Ohio (#2021001448)
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@Monica Elisson is your lender counting your lease?
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