General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Investing in properties and buying a home to live
Hi everyone , just wanted to get some feedback on this question .
Say if I take out 100k loan for a rental property out of state from NYC , and the rental properties pays the 100k monthly , and say a year later I want to buy a home with me and my wife , would the banks give us a hard time or a less amount because we took out the 100k loan first ? Keep in mind the 100k will be only in my name and not my wife . And I tell the bank that the rental properties is paying off the 100k loan
Please any help would be helpful .
Most Popular Reply

- Investor
- Las Vegas, NV
- 9,591
- Votes |
- 7,723
- Posts
Buy the rental as your primary and live in it for a year and then turn it in to a rental and buy a new primary. This gives you a lower interest rate with less money down.