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Updated over 6 years ago on . Most recent reply
Pennsylvania investors rule
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.
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Basit Siddiqi
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#4 Tax, SDIRAs & Cost Segregation Contributor
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Basit Siddiqi
#4 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#4 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- New York, NY
@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.
- Basit Siddiqi
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Basit Siddiqi CPA
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