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All Forum Posts by: Clarence Jones

Clarence Jones has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: How to get 2nd multifamily

Clarence JonesPosted
  • Posts 1
  • Votes 0

I recently closed on a duplex. I live in one half and rent out the other. I went through NACA because of the interests rates.

At any rate, I want to buy a second multifamily  that I'd use purely as an investment Property. But I dont where to begin in terms of financing.

1) My debt to income ratio doesnt allow me to get a conventional loan.

2) I don't have enough properties to qualify for a portfolio loan.

3) I'm not to educated on hard money but Im willing to learn

What would to suggest?

0 Votes