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Updated over 2 years ago,

User Stats

41
Posts
18
Votes
Bradley Rieger
  • Rental Property Investor
  • Medford, NJ
18
Votes |
41
Posts

Buying second rental property

Bradley Rieger
  • Rental Property Investor
  • Medford, NJ
Posted

Hi everyone I just optimized my house hack by bringing rents up to market value and renovations are finished. I am looking to purchase my second property which will be either a triplex or quadplex in the southern New jersey area. 

Its going to be hard to qualify for another traditional mortgage because I have this property plus I merged my painting business with another painter 6 months ago so I wont have 2 years of tax returns to qualify.  

What are some good alternates to traditionally mortgages, maybe a DSCR or hard money loan? I'm not really sure where to go from here

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