Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

52
Posts
13
Votes
Sunny A.
  • Real Estate Agent
  • South Jersey and Philadelphia, PA
13
Votes |
52
Posts

Qualifying for second property

Sunny A.
  • Real Estate Agent
  • South Jersey and Philadelphia, PA
Posted

HI, I have been lurking on the forum for a while but never posted. so, first of all thank you for the tons of information. My plan is to build out a real estate portfolio gradually over the next few years and these will be mostly rentals only. I started with a duplex through house hacking and FHA so now I am looking forward to completely rent out to my duplex and buy a property for my own. Here are some of my question

  • I already have an FHA loan but I was not married that time so my wife can get an FHA loan loan, is that correct?
  • How do I estimate for how much loan she can qualify? considering I pay all utilities and bill so she does not have any debt and have a stable job.
  • When I did FHA, I was asked for funds in bank account which were 2-3 months old, is that an FHA loan only requirement or is the 2-3 month only requirement for the conventional as well.

On a side note I wanted to keep buy the property under a business name, any pointers if I go that route, how do I get started?

Loading replies...