Updated over 7 years ago on . Most recent reply

Multis after the first year
Hi Maine people,
Here's a silly question- say I'm going to purchase a move-in ready retail-priced duplex to live in. After the first year I decide to move out, say it cashflows but only slightly (200 a month?). Will I be allowed to take out another mortgage since this one is producing income? How do lenders evaluate your debt to income in that case?
Much thanks!