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Updated 10 months ago, 02/10/2024
Need a mentor, need ideas, stuck!
Hey BP folks!
I bought a single in 2020 for 175k (almost doubled in value since) and a condo a year later (50k equity built).
I'm self employed, my DTI is gonna scare away any bank and my liquid capital is minimal. Where do you go from here? Is it time to scale? Cashflow is good on the single (1200/mo) and ok on the condo (400/mo).
Was thinking of building an arbitrage portfolio and putting all profits in a side account to pursue DSCR loans on semi rehab properties but its such a long game.
Am I missing the obvious? Scale into commercial? Hold and be happy with where I’m at??