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Updated over 8 years ago on . Most recent reply

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140
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Delmas Edwards
  • Warren, MI
36
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140
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Buying a home and a investment property in the same year

Delmas Edwards
  • Warren, MI
Posted

When buying property do you have to assign the property in your personal name if its a investment and if so can you buy a home to live in a buy a investment property in the same year?

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Elizabeth Colegrove
  • Hanford, CA
1,832
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Elizabeth Colegrove
  • Hanford, CA
Replied

In May of 2015 we bought both a personal property (5% down conventional) and an investment property (25% down) all in our name. It was quiet the paperwork and I thought I was losing my name sine we closed within 2 weeks but it worked!

So the short answer is YES!

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