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Updated over 2 years ago, 05/31/2022
Best way to work on a 2nd property
Hello all
So, I'm pretty new to all of this, I currently have one house under my belt. I'm working on planning to get my 2nd property would like to get a multi house. With that being said for this first house it was an issue with debt to income ratio. Would like to hear any suggestions on how I could go about securing another loan if I found a property that worked for me. The big issue I've had is I'm self employed so after my last 2 years of write offs its a tight fit on qualifying. Have heard of debt service loans not for sure how these actually work if someone could give me an idea if I'm heading down the right path, if that type of loan is going to help me secure another loan or not.
Thanks in advance for any help !