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Updated over 4 years ago,
Newbie to Real Estate Investing - Help
Hello everyone,
I am a "get to the point" type of guy so here it goes. In 2016 I bought house in Scottsdale, AZ. My first home at $300k. Credit / Income - everything was on POINT! Now it's 2020 and this 268k purchase is now worth $550k AND I have my real estate license.
I got my license right before the COVID because I love RE. I own a few business so credit and income are a rollercoaster HOWEVER. I now have 250k+ in equity in my home. I am ready for my next move and having my license I am ready to find my next Airbnb or Rental, or primary but I don't want to sell.
I have a lot of lenders who are friends and they can't really get me approved for a Refi or Cash Out or a second mortgage until I sell more houses obviously.
So finally my questions is - I want to be aggressive in the market and ready for my next move. What are my next options to where I don't have to sell my primary?