When To Buy A Second Home?

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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred either directly or indirectly, using any of the information contained in this document. Also, Kris Krohn, this video, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. Homes and information about homes in this video (if any) are historical examples, where past performance does not predict future results. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE

The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

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Mr. Krohn has a financial interest in MPI Insurance Services, LLC (MPI), a licensed insurance brokerage agency incorporated..

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[Lonewolf]

Bought my 1st multi-Family last July 2021.Planing to buy after Renovations to buy another 2023!

[jnubianbeauty]

Bought my 1st 2 family home in Feb 2020. Trying to buy my second property March 2021

[charleshawj]

How do you qualify for a second property when your income to debt ratio is high from the purchase of the 1st property already?

[geminigirl]

i’m so excited watching these videos! i have like an adrenaline rush. it’s almost like i know i need to do this. this could be my calling

[stanmoney]

Should I pay one of first so i dont have alot of debt?

[GINMOONLIGHT]

My primary home eats renovated so I wanna buy a second home where does that put me in taxes etc.

[BrookeLynn-srvy]

Bought my first home in 2021 sold it and bought a bigger home in 2022. Now I cant stand the neighborhood so I wanna rent this one and buy one in a better part of town. Any thoughts?

[laniyahnuno]

Hi I purchased my home a year ago.. I have about 120000 in Equity I would like to purchase a second home and rent that out do you think is possible?

[jonathanmunguia]

Buy & buying are 2 different things

[Alfauram]

Does your income have to cover both monthly mortgage payments? I am in the process of buying my first property but I would like to rent it and get a second property.

[LuisGonzalez-pqzd]

Great info, and wich bank do you recomend to work with?

[sitiq]

Wow glad I found your YouTube channel. I have a house and rent it out for a year now. I also purchased a water access unimproved property where I will build a house on stilt in few years. I am planning to purchase a second home to rent it out too but had no idea where to start. Thank you. I will subscribe.

[jericodiaz]

Very informative
I just learned something new lol

[TruthWatcherD]

@Kris Krohn. If you had to start over from scratch and have only a small mortgage to work with. How and what would you do with it?

[mytravls]

What factors is bank looking for to qualify for a second home?

[woodforever]

Doesn’t the banks Worry about debt to income ratio?

[moonbentley]

So when we go looking for another bank to lend do we need to bank with them first ? Also? We cant just go ask the same bank that gave us the loan for the first property?

[abenzuoo]

thats nice to pick up questions! And multiple explanation shown! Greetings from Finland.

[gersonescobar]

How do you pay for the 2nd and 3rd house while your waiting for them to get rented out by the rental property management?

[ErikaJoFArceo]

Thanks for sharing this useful information!