All Forum Posts by: Sarp Ka

Talk to some lenders. I would think you could do them back to back. When the second loan is processed, they will find out about the first loan and all the calcs for qualification will take then into affect. Really, if you have no fear of qualifying, just make sure both lenders know that another loan is pending so that they can take the debt into account. This way, when the first loan pops, the second lender's underwriting dept won't throw up a red flag.

Good luck.

I was thinking of doing back to back so that first one doesn't know about the second one as it's already processed. I just don't know at what point the lender cannot change anything? I think the second one will one way or another know about the first one; and possibly that can increase the rate; but I don't want to pay increased rate on the first one. If that makes sense.

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Originally posted by @David M.:

@Sarp Ka

It should be possible. You would just have to keep both lenders appraised of what you were doing so they aren't surprised. Good luck.

I see thanks;

And If I want to get a 2nd loan just right after the first one; when is the earliest point in time I can apply for the 2nd loan so that it wouldn't risk the first one? (and I wouldn't have to let the first one know about it)

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Hello there, I am just wondering whether it's possible to buy 2 investment properties with 2 different loans at the same time?

If the answer is no; how soon after buying a property; can I look into buying the 2nd one? I have relatively high income, so Debt to Income ratio would still stay pretty low; and I do have enough money/cash assets to put down downpayment at 25% (can even go higher for the 2nd property if lenders want higher to reduce the risk).

And I haven't gotten any loans or owning any property yet.

1 Vote

I am not necessarily interested with good cash flow; I just don't want a place that doesn't get rented out for a long time; or a place where I'd have a negative cash flow.

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Raleigh, North Carolina

Hello there,

Given the recent companies opening new offices into this area got my attention. However I am not even too sure which area to begin with. I realized that property taxes are different.

Ideally I am looking for buying and holding it long term. Rather than renovating and flipping it. While doing that I wouldn't mind if the property has some cash flow and potential to appreciate in the long term (if more high paying jobs increase?)

So if possible, could anyone please give me differences between those two areas, and the potential future of them?

Also I'll be doing out of state investment; so it'd be also good if you could recommend me some realtors to help me do some research in the area.

Thank you

2 Votes

Raleigh, North Carolina

All Forum Posts by: Sarp Ka

Sarp Ka has started 18 posts and replied 45 times.

Post: 2 Loans at the same time

Post: 2 Loans at the same time

Post: 2 Loans at the same time

Post: Raleigh vs Durham - Rental Investment Property

Post: Raleigh vs Durham - Rental Investment Property