Pennsylvania investors rule

[Joshua Galup]

does anyone know of a minimum purchase price rule to buy investment properties in Pennsylvania. Quicken loans told me it’s a minimum $155k to buy any investment property. So far I just have my single family home.

[Basit Siddiqi]

@Joshua Galup

I am not aware of any PA law requiring a minimum on an investment property purchase.
It is likely a requirement of the lender.

Some lenders do not like to lend on small amounts because it takes the same amount of work and time to finance a larger loan.