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Updated over 4 years ago on . Most recent reply

User Stats

13
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4
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Will Schafer
  • Real Estate Agent
  • Grand Rapids, MI
4
Votes |
13
Posts

Financing 2nd Property

Will Schafer
  • Real Estate Agent
  • Grand Rapids, MI
Posted

Hey all!

So I am about to close on my first buy & hold property and am already looking into how to start my next deal. My biggest concern at this point is financing. I work part-time job but a lot of my income comes from freelance and sidework jobs. I am worried that my debt to income ratio will prevent me from qualifying for a second mortgage. Does anyone have any advice or methods they used when first starting off?

Thanks!

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