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Updated about 2 years ago,

User Stats

18
Posts
6
Votes
Alexis W.
  • Jacksonville, FL
6
Votes |
18
Posts

Will it be harder to purchase our next home if we buy investment?

Alexis W.
  • Jacksonville, FL
Posted

I'm trying to determine if I'm holding on to a limiting belief. 

i told myself I'd wait until we bought our next home, the "forever house," before buying investment property because we'd be less attractive loan candidates with the debt from investment property. Is that true? As long as there is positive cash flow, will banks look at investment properties favorably?

i have the forever home down payment set aside so that's not an issue. Forever home is pending our child finishing elementary, which would mean 3 more years of waiting to invest. I'm wondering if I can start investing now.

We're currently in a 3/2 SFH, A school district. I think I may want to keep as a rental as well since there's at least $1000 spread between my mortgage and rent prices.

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