Need a mentor, need ideas, stuck!

[Paul Cataldo]

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?? 

[Albert Bui]

Quote from @Paul Cataldo:

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?? 

If your "DTI is going to scare away any bank," then you follow it by saying both properties are cash flowing then what I surmise is the properties might cashflow in real life however on paper/tax returns you're probably not cashflowing otherwise these rentals would be improve your DTI (going down % wise) if they're actually cash flowing.

So the above doesnt add up, did you get an adverse response from your current lender contact?

@Matthew Kwan

@Carlos Valencia