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Buying & Selling Real Estate

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How to Buy My Second Property

Jordan Digiacomo
Posted Sep 26 2020, 09:52

Hey All,

So I am 23 I purchased my first duplex last year. The mortgage/taxes/insurance is $1655 and i rent one unit for $1600 and live in the other. I make around 44K a year and have a minimal amount of school debt. With that said I am looking to purchase more Real estate in the near future, but I’m wondering how people do it. I see many posts and videos online regarding how people who were flat broke get multiple properties. I realize I could use private financing (not going through a bank) but as I understand they are SUPER short term loans and are extremely risky if you can’t REFI out of them. Additionally I do not understand how many of these beginner RE investors work around the issue of Debt to Income ratio. Any/all thoughts on this would be helpful! THANKS!

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