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Updated almost 5 years ago on . Most recent reply

Christopher Campbell's profile image
Christopher Campbell's profile image
Christopher Campbell
  • from New Bern, NC
  • Member since Aug 25, 2019
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Christopher Campbell's profile image
Christopher Campbell's profile image
Christopher Campbell
  • from New Bern, NC
  • Member since Aug 25, 2019
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Christopher Campbell
  • New Bern, NC
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Starting Out

Any downside to buying a second single family home?

Christopher Campbell
  • New Bern, NC
Posted

I want to buy the house I’m renting currently. Plan is to purchase it using fha, live in it for 2 years then rent it out. What are the downsides, if any?

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John Teachout's profile image
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John Teachout
  • Rental Property Investor
  • from Concord, GA
  • Member since Aug 16, 2015
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John Teachout's profile image
John Teachout's profile image
John Teachout
  • Rental Property Investor
  • from Concord, GA
  • Member since Aug 16, 2015
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John Teachout
  • Rental Property Investor
  • Concord, GA
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John Teachout
  • Rental Property Investor
  • Concord, GA
Replied

Sounds like a solid plan. You'd have an additional 2 years to learn about landlording. There's a lot to know so start now.

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