Need advice on getting a second loan

[Patrick Flanagan]

Hey bigger pockets members, I recently closed on my first house that I'm living in now with a VA loan. It's a 3 bed 2 bath and I'm renting out each room to 2 of my buddies. Basically a step before house hacking with multifamily home. They are completely covering my mortgage. So I guess I'm kind of stuck on what I can do next. With my income I got approved for X amount of dollars which I bought my house with. So what do I need to do take the next step on landing my next rental? Do I need to make twice the income I make now?... so I can apply for another loan? Or is there a way for me to land a home loan that I can use as strictly a rental? Thanks for the help, Patrick

[Bob Okenwa]

It sounds like you're maxed out in terms of DTI to do another conventional loan. You will probably have to go hard money, private money, or find a portfolio lender that isn't as concerned with DTI and looks at the property for its income potential.