Quote:
Originally Posted by kvnsk
Questions:
If I buy single family home first? then would I be able to get loan as investment property? I understand it depends on my credit history and other aspects.
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That is how most people do it, there must be something else missing out of your question. You'll need the income to qualify buying both places without consideration of rental income.
Quote:
Originally Posted by kvnsk
Are there any advantages buying investment property first and then buy single family home?
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Simple answer, yes, but the hard part is finding an investor to lend you the money. Just because it is an investment property doesn't make it a good investment.
You can buy and owner occupied home, flip it for some money and buy an investment property and be a renter if you want, I think that is your desired results
If have rental property on you tax returns for 2 years , rental income will be consider differently.
If you have owner occupied home and don't have a lot of equity in the place, it will be hard to count income from the property, so your income to buy another place will be solely on your income and not rental.