Advice Topics
- Buying (153)
- Selling (179)
- Renting (38)
- Market News & Trends (11)
- Finance & Legal Info (79)
- Tips & Advice (85)
- Working With an Agent (51)
- Marketing (4)
- Investing (16)
- Affordable Housing (13)
- Green Housing (2)
- Schools (1)
- Remodeling (29)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (10)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
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 | 191 views | Home Loans | 8 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.
- 8 months ago
Helpful (0)
Unhelpful (0)
Ben Foullon
Exp Realty
Odds are the best way for you to purchase is through an investment property loan.
- 7 months ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
How long does mortgage pre-approval last?
We're pre-approved for a mortgage. We looked for houses in the Fall, but nothing worked out. We want to search again in the spring. Do we need to get pre-approved again?
- Asked by Jenny
- Dayton, OH
- 1163 views
- Home Loans
- 1 year ago
-
Can I buy a house and have someone else pay the mortgage?
I'm thinking of buying a house for an aging parent. If I put the loan in my name, could my parent pay the monthly mortgage or a portion of the income? I want to help my parent, but I don't want it to appear as income on my taxes or be penalized for trying to help.
- Asked by Dion
- Alexandria, LA
- 466 views
- Home Loans
- 1 year ago