Question re which way to finance

[Sarah West]

Hello, 

Quick question. I have found a property with a tenant who has just signed a lease for another year.

What sort of financing would you go for? We are just about to close on our primary residence in the Keys, and I do not want to affect that, we should close in about 30 days. This property is great, and I do not want to miss out on it. I have the 20% down for an investment deposit, and it's listed at 55K. I just do not want to mess with our primary home, and we really do need that one :0)

If I have missed anything, let me know, I'm a bit blurry after reading the forum for a few hours. It kind of gets addictive in here!

Many thanks for any help

Sarah

[Jerry Padilla]

@Sarah West

You can have multiple loans going through, but the other pending mortgage payments  will count against you.