All Forum Posts by: Kyle Mason

Thank you

Hello,

I am a beginner real estate agent and investor. I recently bought a 4-plex conversion and had to sell it on a subject two less than a year later. The next property that I get will be a house hack that I will live in. I have one small problem I need help solving.

My question is what are my options on qualifying for a loan if the property is more than what I qualify for?

My situation: I currently can only qualify for a loan of $210k, because my subject two sale; that loan is still on my DTI ratio. I was offered a duplex for $350k two years ago but I couldn't get funding due to my DTI.

What options do have if I find a two, three, or 4-plex in the $300-$400k that is a deal?

I recommend reading "Rich Dad Poor Dad" if you haven't done so already. 

Next, look into the popular strategies such as single family, house hacking, flipping, etc and determine what makes the most sense for you. 

I am a beginner myself. I first bought a multifamily, but I did the numbers wrong and it was a bad deal. I finally got out of it. 

Now I am looking for a house hack. 

Hi, 

I recently saw a YouTube video and it got me thinking about investing in laundry mats. I looked further into to this youtuber and discovered she buys small businesses.

What small businesses would you all recommend investing in as a start?