I keep scratching my head on how to move foward. I lost everything 4 yrs ago in a divorce and I am trying to inch my way back and make a good future for my kids and family. Here is my scenerio. I am hoping someone can have some insight on how to get another loan. I have been able to aquire 3 properties so far. Currently I live in my girlfriends house who owns her own house but ill explain my properties first. (this is all in MA.)

1. The first was a duplex That lived in for two years and then fully rented. Total rent $2050. Mortgage (VA) $250k 30yr fix @3.0% $1345/month . Havent bought appraisal, I know its not accurate but for what its work Zillow says $350k. Moved out after 2yrs.

2. Second property was SF Condex (no HOA) closer to work and newer second job. Renovated and moved out. Total rent $1700. Mortgage (VA) $182K. 30yr fix @ 2.65% $1100/month. Zillow says 209k but I have renovated and suspect ~220k if I bought an appraisal, perhaps more based on wathcing the area daily for over a year. Lived in for 13 months and moved in with my girlfriend to different property.

3. Third property is a Condo bought off family member for mutually beneficial arrangement. They sold to me for balance of the mortgage (100K) and allow them to live in and retire and I cover the mortgage to reduce their cost(they pay HOA only). My benefit was the equity. Mortgage $103K 30 yr fix convential @3.25% $656 payment a month. I bought an appraisal 3 months ago and it came in @ $245k. Its most likely Higher since last month the neighbors sold the same type of condo for $270k. The downfall this is i am negative cashflow but it was worth it to me to help family firstly and also the equity was worth it so it seemed to help us both.

I make a meager wage on w2 jobs that i have held for over 2yrs. ~85k. I 8k on a car loan and 9k on a credit card. the Problem seems to be my debt. I am making steps to try to pay it down fast and save to get to 20%. But it feels like its ging to take forever. I got this far with very little money down. Can anyone suggest how to move foward?

Im 36 and I am hoping to get at least 10 properties by the time in 40. I hope to have my primary home with my girlfriend paid, a vacation home for our family, and enough cash flowing properties so I can be them the most and not miss important things like ball games and stuff like that. Any insight on the next play is greatly appreciated. Conventional bank said DTI wont work. Looking for other options.

Worcester, Massachusetts

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