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Updated over 4 years ago on .

User Stats

6
Posts
0
Votes
Nathanael Isaac LaCorte
  • Flipper/Rehabber
  • Missoula, MT
0
Votes |
6
Posts

Renting Out Home to Create Income History & Build Rentals

Nathanael Isaac LaCorte
  • Flipper/Rehabber
  • Missoula, MT
Posted

Hello Friends,

I am toying with the idea of renting out my home for a year, either as a traditional rental or an Airbnb. During that year, I would live in an apartment. The goal being to create income history so that I can qualify for a loan to buy a second home. I would likely live in that second home and continue to rent out my original home.

Has anyone done anything similar? I am trying to get creative but am unsure if a lender would look favorably on this.


Thanks!

Nate