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Updated over 3 years ago,
What kind of lending?
Hey everyone, I have a couple of properties, and want to get a 3rd as soon as I can. I've been managing Airbnb units for others for years now, watching the rental income flow in. Time to own. I would love some advice or direction on the best steps towards getting another loan... I have heard of commercial loans, but have never used one. Here's my situation:
House 1:
250k in equity (1 mortgage already on property, primary residence)
House 2:
285k in equity (1 mortgage already on property)
I don't think my debt to income would allow for another property. So how would I go about getting the cash out of these to snag another deal?