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Updated about 5 years ago,
How do you buy your second house?
So I've purchased my house a few years ago, and have had my friends living with me and paying rent while I fix the house up. I've gotten almost completely to where I wanted it, but now I'm ready to start looking to make a move to my first real investment. I want to be able to keep the house and rent it out while I buy another house to live in and fix up, and continue over and over. On my normal work income, how do I get approved for a new loan, find renters for my first house while I'm purchasing my second, and make that transition to then being a first time official landlord?