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Updated over 6 years ago,

User Stats

45
Posts
13
Votes
John Pelaez
  • Kalamazoo, MI
13
Votes |
45
Posts

How do I appear under leveraged?

John Pelaez
  • Kalamazoo, MI
Posted
So I recently purchased a duplex 2 months ago. Its cashflowing well like I anticipated. I have a W2 job as well. I am looking to buy a second property but am also going to be moving in 6-9 months. I will be selling my personal residence for another 1. Heres my dilemma. How should I go about buying this second property and my personal residence without being told I have to live in the bad part of town because the banks think I'm over leveraged? I could finance it or make a lowball offer with cash but that leaves me with little for my personal residence. I dont want to sit out of the market for that long.

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