Updated about 2 years ago on . Most recent reply
Need to add to my real estate portfolio
Hello, I currently own a duplex. I live in one side and the other is rented . I would love to buy another property either a single family or another duplex but I am not qualified for a mortgage because of my debt ratio. I have a W2 job which brings $35.000 a year. I have no other debt besides the duplex I currently own and owe $150.000. Any suggestions on what to to do to get another property.
Thank you.
Most Popular Reply
Fannie Mae now allows you to put down 5% on a 2-4 unit but you have to live in one of the units. Bigger Pockets just did a podcast on it recently.