Transition from 1 property to 2

[Joseph Villasenor]

Hello everyone, my wife and I purchased our first home back in May 2020 and have finished furnishing it. We plan to make this asset an Airbnb. This begs the question how do we go about purchasing our next property? We have refinanced out of FHA to conventional for our current home.

My question is how do I go about qualifying for another property? Where do I stay in the mean time while looking for asset number 2 while we use asset number 1 as an Airbnb? All our family is out of state. Just wondering if anyone has come across a similar situation and how you handled it. Thanks in advance!