Are there any special loan programs to buy a house then rent it out?
I was just wondering. I want to purchace some realestate but I don’t want to live in it, I want to rent it out. Is it easier to be approved for a loan this way. I don’t think I would have any problems. However, I was just wondering. I will be a first time buyer as well. Thanks community
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October 3rd, 2010 at 9:22 pm
Yes, you obtain an investment loan, you can’t use a residential loan anyway. It requires a higher down payment, as you have to actually invest some yourself.