how do I buy 2nd 3rd 4th houses?

[Sujan Basnet]

I am almost done with purchasing my first house for rental purpose. How do I fund my 2nd 3rd and more homes in the future. My 1st home will take all the loan that I am approve for. I don't know the process of adding houses?

[Kristina Heimstaedt]

Collect rent, keep working, build up equity, go do it again. As banks begin to see that you are a successful landlord, they should be able to contribute the income from your property as overall income. You can also work to pay down your mortgage on your first property and eventually 1031 into a duplex or 4 plex. It's less about how much you're approved for and more about how much money do you have flowing. Especially once you get to 5+ units, the banks care less about you as a borrower and more about the cash flow of the property. Be patient, you'll get it.