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Updated over 1 year ago on . Most recent reply
So i have one short term rental...
I am curious of what others have done to continue to get the next and the next property! Post your stories! I have one short term rental that I bought two years ago and that does well and I want more but don't have the capital to invest. I really enjoy managing my short term rental and I want to manage more of my own! How do i get the next one? My DTI is too high to be considered for a loan in that way and that leaves DSCR which needs 20-25% down! If I partnered with someone on a deal all I would be able to offer is my managing skills. I am a physical therapist and feel that I really enjoy helping others build strength and also helping guests have an amazing time on their stay at my house! So how did you get your next property!!!
Most Popular Reply
Private money from family, friends, colleagues, or partners.
That is what I would suggest if you cannot afford to get another loan.