Hello,
We (my husband and I ) are fairly new to investing with purchasing a STR single family home last year and in the process of another STR single family this year.
My husband has a full time very needy job so I am taking the lead on gaining the knowledge needed to move forward.
I listen to this podcast's daily and feel like I am entering into the information paralysis stage.
I have a few questions that are keeping me stuck in the mindset that I need to gather more information before I move toward scaling our portfolio.
My questions relate to residential (1-4 doors) vs commercial and how to mange DTI. If we stay in residential our DTI will limit us. If we go to commercial I do not know much about the lending side and fearful of taking on such a large debt. However I realize that more doors equals more passive cashflow.
I /we are eager to get another property this year (residential or commercial).
I am 55 y/o and my husband is 50, so we are highly motivated to scale as quickly as possible adhering to wisdom and safety protocols.
I am looking for some direction and guidance?
Much appreciated :)
