Updated almost 6 years ago on . Most recent reply
How to Get my Second Home, California InvestorS
curious to see how other investors are getting into their second property, I'm using VA loan now, but have reached the live in period and I'm trying to see how others are obtaining their second home whether multi-family or SFR. My plans are to rent out the first home, it is completely remodeled and In great condition. Now I am looking for another property, but have hit some minor hurdles. I'm also looking at other booming markets, particularly Arizona or Texas. any advice will be great.
1. how do you qualify for another loan when you have a loan in place?
2. should I refinance out of this loan? don't have too much equity (only 7 months in the home)
3. home was primary residence, now looking to turn it into an investment. should I keep or sell?
4. what are others in my market doing? staying in California, or venturing out?