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How soon can I buy a house after buying one ?
Do not want to use persistent house for loan, loan is only4 months old. Thinking of June to purchase for rental
Asked By Carmen N Rodriguez | O'Fallon, IL | 117 views | Home Loans | 7 months ago
Answer(2)
Jamie Merwin
ZMD REALTY
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.
- 7 months ago
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Unhelpful (0)
Ben Foullon
Exp Realty
Odds are the best way for you to purchase is through an investment property loan.
- 6 months ago
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