Updated over 2 years ago on . Most recent reply
Question about getting a second mortgage and short term rentals
Hi BiggerPockets people! I currently own a 2/2 condo that I have rented to a buddy for about a year while I have been renting *shudder* a house. Both of our leases are up in about 6 months and my plan is to buy another condo to move into (for a year and then rent it out, rinse and repeat) and try short term rentals with the existing one. Would I qualify for another owner-occupied mortgage? Do I have to show that I could afford both mortgages even though I plan on doing short term rentals with one? For context, I make over six figures and have great credit. Any insight would be much appreciated...thank you!