Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago, 12/09/2020
How do I buy a 2nd property?
Happy Holidays all!
I am a new member here and looking to see what I can learn to purchase additional property especially with the low mortgage rates. I originally bought my first house in Baltimore, Maryland for $200,000 at around 3.25% at 15yrs in 2018 and currently make around $65,000. Im also living in the house while also renting out the rooms/room. I recently spoke to some banks to get pre-approved but apparently my debt to income ratio is not favorable for me. Is there a way to get around this and purchase another home soon?