Quick question for the single family house hackers. I currently am living in a condo that I purchased as a future investment property. I bought it as an owner occupant with less than 20% down. I've done my twelve months of residence and am now ready to exit purgatory and buy my next investment condo. My issue is that I am not 100% that I'd qualify for the next condo without having a lease in place for my current condo. Here's the question. If I were to sign a lease contingent upon my closing on a new home, will residential lenders count that lease as income to me and allow me to purchase the next property with less than 20% down? Or will they likely see my game and view the next purchase as an investment?
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Hi valueadhd, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
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I hope those threads give you a bit more insight.
best to ask this question on BiggerPockets forum
Deleted
EDIT: I accidentally replied to you and then deleted it and reposted to the OP
Didn't mean to come off as sarcastic. Lol at the MS
Explain.
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