If you have not flipped a home, do not have a rental property, and do not own a primary residence, you may have a hard time getting into lending.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

Tyler,Due to the property no longer being a primary residence (both units are rented) the best terms on a cashout refi will be 75% LTV.

Investment Info:Single-family residence buy & hold investment in Valdosta.

My names Charles Aiello, upstate New York resident (Rochester NY).

Investment Info:Single-family residence buy & hold investment.

That is lower than market and puts you in a cashflow-neutral situation, but it is unlikely your residents can afford that.

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

The property either has to be zoned a commercialZoning or - you have to own both HPR parcels and have one be a primary residence .

Keep in touch with your lending partners for each one so you can understand whether you need departure residence income to qualify for the next or not.Finally, if you're investing with a Significant other, I recommend considering a "leapfrog" strategy where you buy one, then your partner buys the next, and so on.