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Updated over 2 years ago, 04/05/2022
Will Investing in Flips and STR Hurt a New Primary Residence
Hi all, thanks in advance for your help! My husband and I are moving out of our primary residence to a new state while simultaneously trying to invest in a short term rental condo and flip properties. The flips will either be cash deals or funded by a private money lender. My question is, is it going to screw up our debt-to-income ratio (or anything else) for getting a loan to fund the new primary residence? I am not sure if we need to hold off on the investments until after we have found a primary residence and closed, but the issue is I'm not sure of that timeline (may be later in the year, may be sooner) and I want to invest in the meantime, but not mess up our chances of getting a home for us. Any insight would be super appreciated!