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Updated about 4 years ago, 12/09/2020

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8
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Eric Daniels
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8
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How do I buy a 2nd property?

Eric Daniels
Posted

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?

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