Cosigning a Rental Lease Affect Ability to get Investment Loan?
Hello,
I'm still a total newbie/wannabe investor. My short-term goal is to buy a place in Denver that I can house hack easily, namely a duplex or multiplex, so I can get others to pay for my mortgage. I'm still house hunting, but I'll need to finance the property and am currently weighing my options between conventional, hard money, or FHA.
Meanwhile, my brother in Los Angeles is asking for my help to obtain an apartment. He needs a cosigner and I'm willing to help him out.
My question is: If my name is attached to his rental agreement, will that affect my ability to obtain future investments loans? Will a bank or lender weigh this when considering me for a loan? Does a lease agreement even show up on a credit report?
Thanks,
Brian