Getting Second investment property

[Lamar Jean]

So I'm getting ready to close on my first investment property, single family with FHA, which i will be househacking. My question is: How do i acquire my second property after the 1 year occupancy period?

[Zachary LaJoye]

I’m assuming you want to do another house hack which is the reason for the 1 year wait? Nothing will really change from the process that you went through getting your first property. Only possible hang up I can think of is financing. You’ll have to have a qualifying debt to income ratio still with both mortgage payments. Depending on your lender, they may be flexible on using a portion of the rental income from your current single family to offset this. However, some require as many as two years of landlord experience before they will do this.