Investment Property Baltimore

[Jerome Thompson]

Hey Community,

I bought a house as a First time home buyer, but I feel like I'm stuck with one property because of capital. I would like to know how I can buy an investment in Baltimore, MD. I was pre qualified for a DSCR Loan shortly after buying my first house but due to financial constraints to come up with 20-25% of the down payment I feel like I'm stuck. I just started a new job and therefore I would like to buy an investment property but I don't know how to come up with the down payment.
Any advice or suggestions will be greatly appreciated. 
Thank you. 

[Joe Norman]

This goes against the general concensus, but I'm not a big fan of borrowing money to borrow money. My advice is to buckle down and save enough for down payment, closing costs, and emergency/rehab fund before you make another investment. It sucks to go slower than you want to, but in the long run I think you'll sleep much better at night. In addition to adjusting your personal budget to save more, a side hustle can be a great way to quickly pad the bank account. Good luck!