How to Finance Second Multi-Family with Income From First?

[Melissa Birch]

Hey all!

So I am actively looking for my first investment property. With my calculations PITI (320 is p&i) will be about 600 per month on a 2 unit home. I plan to live in one side and rent out other side to my uncle for 600 per month (no utilities included). My question is, how can I utilize a lease agreement as income, and effdctively use that toward a second property, if possible?

Thanks!