Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
Fannie Mae Guidelines
I'm in the process of trying to find the best lender that would help me get pre-approved for my first investment property. I spoke to a lender today and she mentioned that the only way I can purchase a rental property is if I'm a homeowner prior to the purchase. she also mentioned that this is currently one of the guideline that Fannie Mae goes by because of COVID and the landlord /tenant laws. Can anyone please clarify? Is this true? I live in NYC by the way, and I would like to house-hack in Trenton, New Jersey.