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Updated about 4 years ago on . Most recent reply

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Living in a property short-term to rent long term

Kishen Raghunath
Posted

Hello BP community —

My wife and I currently live in Houston, but need to move to Lake Charles, LA for a short term (9 months - 1 year) job. We're contemplating buying a home in Lake Charles to live in for the time we are in the area and then rent out after we leave. We'd like to reduce down payment on a mortgage as much as possible. I was hoping to get some advice on what kinds of leverage would be best to use in these types of situations.

Thanks so much for your help!

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