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Updated over 4 years ago,
I bought a house all cash no mortgage what’s the next step?
I bought a house all cash last year. Unfortunately, I was in over my head at the time and hadn’t gotten the house tenant ready once the old tenants moved out. The house was a mess! This year although it is corona season I’m finishing up renovations and am prepared to rent out my property. My plan is to rent it out and put a mortgage on it.
My question is how do I put a mortgage on a property that is free and clear? Especially during this time. Also, is there any advice anyone has in order for me to begin scaling off of this property. I’m all in and ready to begin!
Thank you in advance.
Cleveland, OH Market