Taking 2 mortgages in the same year

[Antonio Esquivel]

This one is for all the lenders out there.

Normally when you get a conventional loan for an investment property you need 20% down. Also lenders want to see 2 year of rental income before they count any of the rental income. Is this set in stone? I would like to purchase 1 rental home then buy another after a year or so, both putting down 20%. I'm afraid even If I have the capability to purchase another property the bank will disqualify because of the first mortgage. If it makes any difference I do have one home cash flowing and its been 2 years.