Updated over 7 years ago on . Most recent reply
Getting financing for my second rental property
I currently own my personal house with no mortgage, and I recently bought my first investment property which is a 3/2 condo. The condo is already rented out with a one year lease. My questions is, how long will I have to wait to buy another investment property. I have money for a down payment but with the condo my debt to income ratio would be to high to qualify. How long do you have to have rental income for the property before it no longer counts against you and actually counts as income?