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Updated over 6 years ago,
Multis after the first year
Hi Maine people,
Here's a silly question- say I'm going to purchase a move-in ready retail-priced duplex to live in. After the first year I decide to move out, say it cashflows but only slightly (200 a month?). Will I be allowed to take out another mortgage since this one is producing income? How do lenders evaluate your debt to income in that case?
Much thanks!