Asked by Taza Guru, Sunnyvale, CA • Wed Dec 24, 2008
I own a property with LTV around 65-70(not more than 70). I just bought a rental property couple of months ago and seems like the appraised value is more than what I paid. If I want to buy another rental property, would this rental property (nearly cash positive) considered as a debt or loan by a lender? I was told by a credit union that it would be considered as a debt until 2 years of rental income. Whats the norm?
Real Estate in San Jose
Popular Categories in San Jose
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!