All Topics / Finance / Increasing burrowing capacity

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  • Profile photo of wan0151wan0151
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    @wan0151
    Join Date: 2019
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    Hey everyone,

    I currently own two investment properties (they have a total of about $250k equity) and I was wondering what I could do to increase my burrowing capacity from the banks, beside the obvious like getting a higher annual income. Even though I have the equity in my house (800k+), I’m unable to burrow more money to buy investment properties due to my limited income ($120k annually). Yes, I’ve tried to refinance by getting a line of credit through the equity in my home to purchase a property but I can’t. Should I go to other lenders (beside banks), is there a specific order to go through them? I guess I’m asking if there’s a way to purchase more property without increasing my income. Sorry for the long post :) Any help would be greatly appreciated.

    Thank you.

     

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