How To Buy A Second Home To Rent · Trusted Source

Lenders typically want your total monthly debt payments (including both mortgages) to be below 43% to 45% of your gross income.

A successful rental must generate enough income to cover more than just the mortgage. how to buy a second home to rent

A standard mortgage for a property intended strictly for rental income, usually featuring slightly higher interest rates than primary loans. 3. Evaluate the Rental Market Lenders typically want your total monthly debt payments