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Updated over 6 years ago on . Most recent reply

User Stats

101
Posts
66
Votes
Aaron Phillips
  • Rental Property Investor
  • Burlington, KY
66
Votes |
101
Posts

Just financed a home - How long until I can again?

Aaron Phillips
  • Rental Property Investor
  • Burlington, KY
Posted

I just recently was financed for a home, and was looking for info on when I can get financed for another? One property I am going to reside in for the time being, the other I am going to use as a rental. Potentially a multifamily. I just want to know what the standard guidelines are for financing another property after the first loan? 

Most Popular Reply

User Stats

485
Posts
310
Votes
Maurice D.
  • Coppell, TX
310
Votes |
485
Posts
Maurice D.
  • Coppell, TX
Replied

@Michael Lee Aaron is talking about financing his second rental, right after a recent owner occupied purchase.  it can be done the same day, the next day or whenever.  

the advantage of doing them back to back is the credit pulls for the mortgages don't ding your score as much as two separate ones say more than 30 days apart.

I'm in Coppell as well.   let's connect :)

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