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Financing two properties simultaneously
My wife has a pre-approval for a property and we just signed a contract for a property. The property will be rehabbed by the owner and will be ready to close in 4 months. My wife has 2 other loans on 2 investment properties. Meanwhile, I have 1 loan and we have just come across a good SFR. Is it possible, I can get this SFR financed now and close in about 30 days, and then close the former property (mentioned above) in about 4 months? Will there be any issues? Any advice will help.