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Updated over 8 years ago on . Most recent reply

User Stats

18
Posts
4
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Dustin Senor
  • Investor
  • Henniker, NH
4
Votes |
18
Posts

Purchasing Another Property

Dustin Senor
  • Investor
  • Henniker, NH
Posted

Hey all,

First post, so thanks for answering! I currently own five units between two properties, one in Massachusetts, the other in New Hampshire. 

I'm looking to soon buy my forever house with my fiance and I am concerned that I won't be able to afford my next rental after that.

I cash flow (after mortgages) roughly $1,200 a month between the five units (we live in one) and our combined take home pay from our jobs each month is roughly $4,000.

I would like to completely finance the next property but also not get a normal loan. Any strategies on how to not use any of my money? What's the best way to find a private investor? 

Thanks for any ideas!

Most Popular Reply

User Stats

137
Posts
36
Votes
Mike Hoefling
  • Rental Property Investor
  • Worcester, MA
36
Votes |
137
Posts
Mike Hoefling
  • Rental Property Investor
  • Worcester, MA
Replied

You may need to buy your primary residence first then buy another multi. That's what I ended up doing. You could contact @Ann Bellamywho does private lending.

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