How did you finance your second deal?

[Account Closed]

Hello  all - I'm in a spot where I'm getting ready to pull the trigger on my first deal within the next 60-90 days if all goes to plan. I've been saving up for a long time and I'll be spending a good chunk of my savings on this first investment. I'm already thinking about my second deal though, and my long-term plan. 

My question to everyone here: do you have any suggestions on how I would finance my second deal? I expect my first deal to cashflow, obviously. But I do not think it will return enough to give me an incredibly substantial income boost. My main source of income currently is my salaried job, and I have a few side hustles in the works that I expect will generate some additional income. It will take me some time to save back up to where I can throw down 20-25% on a downpayment for a second property (especially in Southern California), so I was wondering how most folks finance their second, third, fourth, etc. deals.

[Andrew Postell]

@Account Closed I guess it would depend on what loan type you are receiving but if you received a Fannie/Freddie type of loan using business funds is 100% allowable.  If a lender does not permit this then try seeking a different lender.  Just in case this comes up again in the future for you.