Is it feasible to buy a second house with a mortgage on the first house?

  • Erstellt am 2025-03-07 05:39:01

ypg

2025-03-07 21:57:53
  • #1
He means your opening post. I quote myself: .. and actually cannot afford it. Those who are not in a position to ask, do ask – and are therefore far from reality.
 

Altai

2025-03-07 22:03:16
  • #2
It also comes into play that if you eventually rent out the house you're buying, you have the full cluster risk: if the tenant doesn't pay, you’re left in a bind and have to cover the installment from your regular income. I would say: hands off.
 

nordanney

2025-03-07 22:57:13
  • #3
Well. If someone gives you a house worth 450k for 250k and then lives in it for a few years, you refuse? Sell the shack after the right of residence expires. No lump risk and 200k in the bank.
 

ypg

2025-03-07 23:10:17
  • #4
Yes, you refuse if you have to live in a worst case for the next 20 years because the income does not allow it.
 

Altai

2025-03-07 23:19:11
  • #5

It is explicitly stated that the house is to be rented out "afterwards," cf. initial post.
 

Marqui88

2025-03-08 01:37:28
  • #6

Good evening,

I must admit that I did not understand your last sentence.
But yes. At the moment we cannot afford it. Starting October, or possibly a few months earlier, it might work.
But we will see what we decide.


Exactly. And precisely those kinds of scenarios we want to avoid. That would really be a disaster for us. So there must be a realistic and thus feasible structure in place beforehand. It is not called "noblesse oblige" for nothing. (A bit exaggerated).


And we must not forget that the gentlemen, thank God, are still very healthy and fit.
.

Exactly. So if we go through with this, then definitely to rent it out. We do not want to live in it ourselves. Our daughter should possibly use it later for herself.
 

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