Please share any info you guys have, we all appreciate it!

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 😊

Fortunately, my career allows me to spend $2600 per month on rent in the event I can't find any tenants, but it would be seriously stretching my wallet without being able to save (This isn't including HOA, insurance, or any other fees- strictly mortgage payments).

Thank you very much for the info @Stevo Sun.

Some folks will give up the premium lake front to save a few bucks.This data will give you a broader perspective on the market and help with the rates.

Hi Martin, I'm also an out of state investor in PA looking to buy my first multi-family in south bend/elkhart area and would love to connect with you and share some info since we're looking in the same area!

Thanks so much for this info Patrick!

Blankets loans are great since you can save money on the loans by lower the closing cost as well.

@Bill Brandt - thanks for this info!

We close many in 3 weeks.Granted, we don't have all the info here, but sounds more like you got a not so good lender versus a poor property.