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All Forum Posts by: Melissa Birch

Melissa Birch has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

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

Melissa BirchPosted
  • Real Estate Agent
  • Scranton, PA
  • Posts 1
  • Votes 0

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!

0 Votes