Question About Underwater Mortgages and Trying to Get Another Property

I have a what if question in regards to investing.

Lets say you own real estate and within a couple years from now the market calms down and you recently bought. Now what was a 200K property is now a 150K property. Said property has a mortgage and is being rented. Noting that mortgage is underwater but is generating income to you monthly; will you have an issue applying for another loan for another investment property or primary residence due to your other mortgage being “underwater” even though you can prove it is generating you income?

submitted by /u/NismoGlock
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I have a what if question in regards to investing. Lets say you own real estate and within a couple years from now the market calms down and you recently bought. Now what was a 200K property is now a 150K property. Said property has a mortgage and is being rented. Noting that mortgage is underwater but is generating income to you monthly; will you have an issue applying for another loan for another investment property or primary residence due to your other mortgage being “underwater” even though you can prove it is generating you income? submitted by /u/NismoGlock [link] [comments]

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