Next buy & hold project

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Hello guys & gals,

I'm almost one month out from having my first property renting and cash flowing in the positive. Super excited about that. Once that's all said and done, I want to get the ball rolling on looking for my next property. I don't really understand how to go about securing bank financing while I have an existing mortgage already. Is it as simple as looking for another house; finding it, then heading back to the banks for another loan? Can't be right! If anyone can add a little insight plz feel free.

Cordially,