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Updated over 1 year ago, 05/25/2023
Help With Next Choice for New Investment Property
Hello,
I am a little lost. I need to know my next step. I Bought a Condo two years ago, but because of my DTI, I couldn't buy anything else because of the two mortgages I have. I spoke with my friend who is a realtor, and another person who is a mortgage lender that deals more in investments, and his other team members, and it was pretty much agreed across the board, I need to sell the condo, because I only profit 135$/mo. That Condo will be off my hands June 1st. I should be roughly profiting I believe 90 to 100k. I live in Colorado and I am completely priced out here. I need to do something where I can start making some actual profit, and also have a lower hit on my DTI. I don't know where I should go, but I was thinking Ohio because I have been going there my whole life and I know the people, and I have family out there currently. Can anyone offer some next steps. I want to make sure my next move is the right one.
-Jameson Waltz