Buying A Second Property When You Have A Lot of Debt

[Ashtynn Baltimore]

Hello! 
Newbie here. I want to buy a fourplex in California or out of state, however, am afraid that I won’t qualify for financing because last year I bought 1/3 of a $1.4 million property with family. The idea was to rent it out, however, some family members got cold feet on renting it. So, I pay 1/3 of the mortgage. We put 20% down. I also have significant student loan debt from graduate school. 

I’d like to strike out of my own and find a fourplex or higher in or out of state. I’m speaking with the our loan officer, he indicated it will be difficult because the debt load from My first investment in CA isn’t split three ways according to underwriters. I’m evaluated as if I carry the entire debt load by myself. 

Any advice you all could provide on financing options for an additional property would be great! Note: I work full time still. 

Thank you in advance and happy to connect with anyone interested in getting help looking for deals or doing anything else (learning as much as I can!).