I need to purchase a brand new residence and a rental unit. Should I promote my present and get an …

by akoloy


Currently, I’ve a townhome that I personal that has about 60k in fairness. I need to transfer into town to purchase a townhome (~$300k-$400k) and I need to purchase a unit to hire out (seemingly $100k-150k value).

Would it make sense for me to get an FHA mortgage for the townhome I’ll reside in, after which get a traditional mortgage for rental unit (nonetheless deciding airbnb vs long run rental)?

My revenue is $150k in an affordable value of residing metropolis (not NYC/SF) and I should not have different money owed. Thoughts?



Source link

You may also like

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

We are happy to introduce our Youtube Channel

Subscribe to get curated news from various unbias news channels
0 Shares
Share via
Copy link
Powered by Social Snap