Buying multiple houses back-to-back

[Myranda Birch]

Hi there,

My husband and I own one house in California and are being reassigned to Ann Arbor, MI for the military. We will be renting out our CA house and I would like to buy another house to live in/fix up when we're in MI and rent that one also when we leave. However, I was in the process of potentially buying another house in VT as a short-term vacation rental.

Is it possible to buy two houses at the same time? I would need loans for both, but have money for down payments.

Thanks!

[Sarah Lorenz]

 Yes, but your lender will require you to qualify for the total amount of both loans, and one will be a secondary property and the other primary residence. Let me know if you need help shopping – I am an agent and there is a fantastic property right now that would make a great owner occupied residence. You could also generate enormous short term rental income while living there for the big events associated with University, and then you could turn it into a student rental when you move.