One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

I would suggest that you either find a mentor, or get a coach/coaching group.

Does anyone know of Meetups on Henderson/Las Vegas, NV area?

I've read and listened to plenty of podcasts and have gotten in the game...I'm just looking for that coaching and knowledge to propel my further and faster than figuring it out on my own.To any experienced investor willing to share their wisdom and insights, I offer my willingness to learn, and hands-on support in your projects.

Back then, it was just me, I juggled a kaleidoscope of tasks: managing social media for an investor, scheduling appointments for a life coach, and writing website copy for a realtor.

That goes for any product, service, mentor or coach. 

(Permits and installation take at least 30-60 days in Vegas, so you have about 2 months to act in an area like mine.)

.: Okay, not all of the mistakes, just some of the biggest.I stopped counting at $2m in mistakes lolYou can't always win but as long as you win more than you loose, you will always be in the green.I consider all mistakes as a "cost of doing business".We live, we learn, we try again and try not to repeat the same mistakes.Much success to all 🙏Just out of curiosity, in your opinion, if you had a knowledgeable coach early on, could you have avoided some of those mistakes or were you determined to do things on your own and wouldn't have listened anyway?

If I lend 30k for someone to close a REO deal then I'll have their car pledged, or have a co-signor that pledges the 30k if it is defaulted.a 2nd lien position with no protection is like going to Vegas and betting on black, only on that bet you win 30k, in a 2nd lien position what do you stand to make on a 30k short term loan? 

I need to replace that monthly income of $5200 a month, and I have ambitions to invest out of California and am looking at markets like vegas either short term rentals, codo hotel (very iffy on this), and Toledo, Ohio.