Next step when I max my debt to income ratio?

[Aaron Bitner]

Hello!

I'm a new member and a yet to invest investor. I'm doing some math on a couple houses and I figured I'll reach my max DTI after two houses with a typical local bank and their conventional loan products. That's just not enough. I have a private lender that will lend the down payments and a portion of the rehab with the condition that I refi to cash them out so we can do it again. What are some strategies to scale after those intial two?

[Rick Pozos]

I think you need to worry about finding a great deal. Deal #1. After you go through rehab, deal with contractors, deal with tenants and repairs, you may NOT want to even look at deal #2.

I know everyone wants to have their life planned out 4 steps ahead. The problem is that you end up not even getting started because you are worried about step #10. The big step one is finding a deal. Buy something that is under priced. When you find a great deal, you are setting a great foundation. Bad deal, and your foundation is crumbling.