Buying a house to live in, buying rental property...in what order?
In terms of getting two loans, which is better:
1) Buying a house to live in first
2) Buying rental property first?
I would think buying rental property first is better. Once the rental property is purchased, the rent would cover the monthly loan payments.
When the lender evaluates the second loan (possibly a few months later), they would consider the rental income and it would be easier to qualify for the second loan.