How soon can I buy a house after buying one ?

There is no set time frame after purchasing a house that you have to wait to buy another one to use as a rental. However, it is essential to consider a few things before buying a property to rent out. Make sure you can afford the mortgage payments on both properties and the costs of repairs and maintenance. The type of loan would be different than your primary residence and usually incurs a higher interest rate. Speak to a loan specialist for more info.