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Updated about 16 hours ago on . Most recent reply

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Multiple mortgages for investment properties

Charlotte Wilson
Posted

I am looking to purchase my first duplex with a FHA loan for my husband to live in for a year. I may also be buying another single family rental property several months following. Is this a red flag to banks for getting approved? I'm curious how they will think I'm eligible for another mortgage without enough "income" for the risk even though I will be renting it out.

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