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Updated almost 4 years ago,
Taking on another loan waiting for my house to be built.
Hey Bigger Pockets,
I am waiting for my house to be built that I used a USDA loan for. It will be completed in November, so about 6 months from now. So my idea is to buy a fixer-upper in an up and coming location and fix it up for the next few months while my house is being built, and then rent out the newly fixed-up house when my house is ready for me to move into in November. I'm worried if I take out another loan, that will affect my ability to keep my USDA loan. Who should I talk to about this?
Thank you!
-Bradley Bartlett Jr.