Multiple Homes = Multiple mortgages .. how to afford multiple?

[Andrew Bissada]

I was thinking about whether I would prefer to do a higher down payment on my first purchase so that my monthly mortgage payment is lower, or to do a lower down payment so I can save for a second home in another year or two.

And it got me to thinking, how is anyone able to afford mortgages on multiple homes?

If you make enough money that you can afford the first home, but that's it, how do you go about the suggested path of continuing to buy new homes every 2 years? Salary is not likely to double every 2 years to make this possible. What am I missing?