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Updated almost 5 years ago on . Most recent reply
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Shopping for primary residence while shopping for rental property
Hi everyone,
Fairly new here to the BiggerPockets forum and wanted some insight. I am looking to purchase a new primary residence and would like to also be in the market for a rental property as well. Is there anything I should be concerned about in regards to timing of when I would purchase either property from a loan perspective? Would this signal any red flags to a bank? My new primary residence will most likely be financed through a VA 0% down loan (My bf and I will be purchasing together) and the rental I will have cash for the 20% down requirement. From a financial perspective, I will not have any issues covering the expenses for both properties and my credit score is over 800. I am more concerned with a bank telling me "NO" because I recently purchases a new primary residence, or some silly rule that is put in place etc. Any insight would be great.
Thanks!
Jamie