Updated over 4 years ago on . Most recent reply
2 Loans at the same time
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.
Most Popular Reply
Absolutely it's possible. If you have a good lender (I would use the same one), then they will know what you're doing, what your goals are, and what your true situation is. The only hesitation I would see based on your question would be that you don't own any homes yet. If you don't have experience in investment property, some lenders can get get gun shy. You might have to talk with a few different ones to find one that is the best fit for what you're wanting to do.