General advice for real estate

[William Thomas]

Hi everyone,

Quick question for anyone who has any advice. So I purchased a home at the beginning of the year to house hack to my family (they pay all of the mortgage) but I am wanting to purchase another home to BRRRR or rent out, etc. I was wondering since I already had to get my family to co-sign because of the debt to income ratio. How do I go about obtaining another loan? even though the mortgage and payments for my current home is paid for, how do they know that? do I need to wait till filing next tax year and make this a business or?

Any advice is greatly appreciated. Thank you!