How Soon After the 1st STR Would I Be Able to Finance my 2nd STR?

[Dave Price]

I plan to buy my first STR (Cabin) in July of 2022 in the Northern AZ. I will be purchasing this home under a Conventional Second Home Loan for 10% down.

I was wondering how soon after purchasing the first STR can I count the income from that STR to better my DTI in order to qualify for the next STR?

Is there like a 6 or 12 month period that you got to show consistent income from the first STR to be able to count that income in your DTI ratio?

Also, if I plan to buy the second STR in another Vacation Market (Lake Havasu, AZ) that's 300 miles away from the first would I be able to finance the 2nd one at 10% down since it is in a different market?

[John Underwood]

Ask your mortgage broker.