Need help determining my next move!
Hi All,
I'm trying to get some feedback regarding what my next real estate move should be. 3 years ago, we househacked a condo that we now rent out and about 1.5 years ago we househacked a 2 family that we currently live in. We successfully added value (about 30% to the condo and about 25% to the house) to each property, but we used up much of our funds to complete the rehabs and already refinanced our house (which now has 13% equity). Currently we don't have a lot of cash in the bank, however our DTI is reasonable (mid-30%'s) and we have good credit (high 700's). I'm anxious to get my feet back in the game, but not sure where to start without much of a down payment or cash reserves available. We've considered flipping, but are a little wary of the rates and fees for HML, and are willing to engage in another house hack, but not sure we'll be able to get a mortgage. Any suggestions? Maybe a 203k house?