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Updated about 2 years ago on . Most recent reply

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Carson DuVall
4
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Hello all, feeling stuck.

Carson DuVall
Posted

Hey guys, I am seeking some guidance if possible, and hope this is the right place. I currently have one STR near Yellowstone NP and have about 200k in equity on that property. I am seeking options to buy another rental property but I don't have a W2 job or a lot of capital to fund buying another property. The deed to my rental property has been transferred to my real estate LLC and has 2 years' worth of income on that. Does anyone have any advice or think a certain solution would be best for me? I did talk to a lender about re-financing my property but she advised me not to do that because I would have a much higher interest rate. I just really want to get another property while the bidding wars are no longer a thing. Thanks for taking the time to read this, and I appreciate all of you here on BP.

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18,008
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Chris Seveney
  • Investor
  • Virginia
15,475
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18,008
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Carson DuVall

Looking at this differently. Why not get a w2 job and start saving money which would qualify you for another loan ?

  • Chris Seveney
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7e investments
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16 Reviews

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