Investing in another property

[Patricia C.]

I am looking for advice on how to buy a third property. 
I have 1 property in Greenwich CT that cash flows monthly

I am closing on another property in a few weeks in Norwalk CT. My plan is to live there for a year , fix it up and refinance and then rent out 

I would like to purchase a 3rd property preferably a multi family - but with now 2 mortgages under me, how do you get another mortgage from the bank? 

How do y’all do it without full cash?

[Brandon Rush]

Hey Patricia,

Assuming you have the funds for another down payment I would simply go speak with your lender and tell them that you are planning to purchase another property. They will be able to give you the best answer to your question and what next steps are. If you start running into issues with DTI then you may want to consider going another route such as a DSCR loan which your lender may offer as well. Either way, if you have the money, it can definitely be done. Good luck on the next one!