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Updated over 4 years ago, 08/17/2020

Paul Giblin's profile image
Paul Giblin's profile image
Paul Giblin
  • from Downers Grove, Illinois
  • Member since Jul 26, 2016
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9
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1
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Paul Giblin's profile image
Paul Giblin's profile image
Paul Giblin
  • from Downers Grove, Illinois
  • Member since Jul 26, 2016
Connect
Paul Giblin
  • Downers Grove, IL
1
Votes |
9
Posts
Buying & Selling Real Estate

Carrying multiple mortgages?

Paul Giblin
  • Downers Grove, IL
Posted

I’ve heard conflicting answers to this question. Using the Brrrr method, when it comes time to cash out refinance, do you have to be able to afford both mortgages even if your first one is renting with cash flow? Does that cash flow count as income for approval on the second mortgage?

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