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Updated about 3 years ago on . Most recent reply

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Mike Jay
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Financing multiple income properties

Mike Jay
Posted

Hey everyone,

If i get a income property and it covers the mortgage how soon and i ask the bank for another loan? If i come up with 25% down do i have to wait 2 years and show on taxes or something?

Thanks

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Eliott Elias
  • Investor
  • Austin, TX
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Eliott Elias
  • Investor
  • Austin, TX
Replied

You can get a DSCR loan instantaneously. No need to wait two years. These lenders qualify the property, not the individual.

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