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Updated about 10 years ago on . Most recent reply
After buying a SF can I immediately purchse a Multifamily?
After buying a home, how soon can I go to a local bank to get qualified to purchase a multifamily home? I currently own/owner occupy a duplex that has no mortgages and I plan to refinance it to purchase other multifamily after buying a single family home in a month. All ideas and advice are greatly apperciated.
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James Wise
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James Wise#5 All Forums Contributor
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- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
As long as you still meet their debt to income requirements with your new debt (new mortgage) you can go immediately.