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Updated about 5 years ago on . Most recent reply

Ryan Dodson's profile image
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Ryan Dodson
  • Member since May 18, 2020
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Ryan Dodson's profile image
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Ryan Dodson
  • Member since May 18, 2020
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Ryan Dodson
1
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5
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Buying & Selling Real Estate

Will a forbearance on my mortgage keep me from buying a rental?

Ryan Dodson
Posted

So just a quick question, I am thinking of a forbearance on my mortgage but I have some money saved to buy a rental income in the near future and I don't want that to hinder my chances of a loan on the income property. Any thoughts? 

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Daniel C.'s profile image
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Daniel C.
  • Rental Property Investor
  • from NH
  • Member since Jan 13, 2018
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Daniel C.'s profile image
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Daniel C.
  • Rental Property Investor
  • from NH
  • Member since Jan 13, 2018
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Daniel C.
  • Rental Property Investor
  • NH
27
Votes |
50
Posts
Daniel C.
  • Rental Property Investor
  • NH
Replied

@Ryan Dodson

I closed on a property yesterday. The first very paper I had to sign was stating that none of my properties were in forbearance. Not something I would get involved in unless it’s your last resort.

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