Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 13 years ago on . Most recent reply

Need a second loan.
Hi,
My aunt makes about 40k a year and she purchase a house that runs around 200k. She has tenants that is paying her entire mortgage for that house. It is a 2 unit house she lives in the back and the renters live in the front. She wants to buy another house as soon as possible so she can rent it out again. She has down payment for a second house but do you know
A. If they will let her borrow again (get 2 mortgages for 2 different houses? Because she does have income from the renters to pay off the first house.
B. She has enough downpayment to pay for the second house.How can she buy a second house asap?
Thank you again.