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Updated over 2 years ago,
Buying second rental property
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