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Updated about 4 years ago on . Most recent reply

User Stats

3
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0
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Corbin Charpentier
  • New to Real Estate
  • Longview, Wa
0
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3
Posts

Second investment home

Corbin Charpentier
  • New to Real Estate
  • Longview, Wa
Posted

I just closed on my first house today and am just getting started on the road to a real estate investment portfolio. I used an FHA loan on this house with no money down. My question is

A: Buying a second home, how could i finance this for the lender to see? The first house is going to be a rental after the year, but i would like to buy the second home within the first year.

B: If i sell the home within the first year, use the profit to put a down payment on 2 homes, how would i again finance the second home?

Thank you for your time

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