All Forum Posts by: Huy Duc Tran

Hello BP community,

I have received an inheritance of $200K and saved another $100K, so I plan to buy a duplex after being a renter for 5 years. I plan to make 20% down payment and my current income is $60k/year with no debt.

I was wondering if I am gonna rent out one unit and occupy the other unit, would I be able to add the predicted rental income from the subject property into DTI to qualify for Fannie Mae's loan given no landlord's experience and never owning a home?

Is there any better financing options for my situation?  

Note: I live in Orange County and look for purchasing in Los Angeles and Orange County.

Thank you,