Posted on: 30th Jun, 2009 02:59 am
I was wondering, how easy is it go get a 2nd property when I barely qualified for the first. Now I am renting out the first one and am almost breaking even on the mortgage I currently have........will this count as added income and help me qualify for another mortgage for another property?
you have given your first property on rent & almost breaking out for first. I don't think you have sufficient income to go for second property. better save some money & then apply for it