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?
Trending Content - Real Estate Forum
Career Resources
Hi valueadhd, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
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.
Ipsa et laudantium non expedita vel autem. Debitis natus sit et qui at magni laboriosam earum. Doloremque qui facilis odio cum hic quis dolor. Doloribus sint voluptatum laboriosam dolor ut quia neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...