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Updated over 1 year ago,
Best way to by my next property
I currently own my own primary residence and am house hacking to help offset a little over half the mortgage. It is only a 2 bedroom so there is not much room to increase cashflow in that regard. I have owned it a little over a year and currently have an estimated 27k of equity built in. I am looking for ways to get into my next property, whether its a fix and flip, brrrr, or some sort of short-term rental. The issue i'm currently running into is with my first mortgage, when trying to get pre-approved I'm told I won't be able to afford to add an additional mortgage. I'm currently in sales and am even pressure washing for additional income. Any advice or other strategies would be greatly appreciated!