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Updated over 3 years ago on . Most recent reply

Jane Kai's profile image
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Jane Kai
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Jane Kai's profile image
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Jane Kai
  • Member since Apr 19, 2021
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Jane Kai
1
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24
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General Landlording & Rental Properties

Can you buy another house after you just refinanced your primary?

Jane Kai
Posted

I have a primary and investment I just refinanced both of them. I need to buy a new home to make it primary but I was told by my lender Because I just refinanced I need to wait 12 months in order ti buy a new home.  Is this true?

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Doug Spence
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  • from San Diego, CA
  • Member since Aug 16, 2016
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Doug Spence's profile image
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Doug Spence
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  • from San Diego, CA
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Doug Spence
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  • San Diego, CA
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Doug Spence
  • Investor
  • San Diego, CA
Replied

@Jane Kai Its true for that lender at least! Have you asked around to other lenders? You could also form an LLC and purchase properties within that entity if you can't find a lender that will let you buy another property in less than 12 months.

Good luck!

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