FHA House Hack # 2 Allowed?

[Jason Cook]

Hello, I just purchased my 2nd property at the beginning of this year, and will be an Airbnb. The first home I live in and house hack. This summer I would like to move out of my current home and into another home while still having my current house. By doing this would I be able to account for my roommate's income in my current home get a larger home? At this rate, I have two mortgages that would total $1,700/mth. I fear that my purchasing power will be low since I am trying to get another loan but the bank only sees one of the properties as an investment property. 

[Chace Fraser]

@Jason Cook, congrats on getting your second property... you're crushing it!

Did you happen to speak with your previous lender about this? The easiest, fastest, and best way to get answers to your questions will be to sit down with a lender (or 2 or 3). They're not scary, I promise. They're there to help you. Write your questions down and ask ALL OF THEM! Asking all of these questions will also help you determine if they know what they're doing when it comes to working with house hackers and investors. Believe it or not, they want to help you and lend you money. They're looking for ways to lend you money, not excuses not to lend you money. If they are able to get you to qualify for a loan, and you use them as a lender, they get paid. They want to give you money.

Good luck on your journey and feel free to reach out if you have any questions!