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Updated almost 2 years ago,
Can't get approved due to current mortgage =( Any Help?
Hello All.... I have purchased a home a couple years ago that I rented out here and there on AirBNB. It does really well. I am looking to purchase something closer to town and turn this property into full time short term rental that would do really well. My mortgage is 26.5k a month and the projection is 40k net income.
I have been trying to find lenders but no one will approve me because I wouldn't qualify with 2 mortgages.
Thoughts?