How to buy more properties

[Nicholas Weckstein]

Hello everyone. I just closed on my first 3unit house a month ago. Put 25% down My cash on cash return is 19% annually or 1.7% monthly. I'll be honest here and say I was very eager to buy and bought at market value...lesson learned their. My plan is to pay the house off in just under 5 years and to use the equity to buy another property free and clear of a mortgage. But my goal is to acquire many properties. My DTI is to high to finance another property the conventional way any time soon. So my ideas are 1) Pay off the house, use equity to buy another 2) Utilize 3rd floor attic space (high ceilings, stair case) build a 3 bedroom apartment that will bring me in another $800 or so a month. Probably require a 30k investment. 3) save money for a few years to use as down payment and hope my dti will be low enough by then to finance Any other suggestions or comments on any of those possible options ?

[Darren Budahn]

If you have enough cash for down payment and reserves you just need to find a lender who will use the rental income in your favor right away --one without an overlay that prevents you from using the rental income while simultaneously counting the debt against you in their DTI calculation