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Updated almost 2 years ago,

Ralph Ace's profile image
Ralph Ace's profile image
Ralph Ace
  • Real Estate Agent
  • from Chicago, IL
  • Member since Apr 25, 2020
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User Stats

43
Posts
10
Votes
Ralph Ace's profile image
Ralph Ace's profile image
Ralph Ace
  • Real Estate Agent
  • from Chicago, IL
  • Member since Apr 25, 2020
Connect
Ralph Ace
  • Real Estate Agent
  • Chicago, IL
10
Votes |
43
Posts
Private Lending & Conventional Mortgage Advice

How often can you get a loan on investment property

Ralph Ace
  • Real Estate Agent
  • Chicago, IL
Posted

I bought a small one bedroom/one bath condo with tenant in suburbs of Chicago. 

All I have to do is collect the rent every month.  

I got a regular conventional 30 year fixed loan with 25% downpayment with 6.99% rate.

Can I purchase another condo with the same loan setup right away or need to wait x amount of time?

Chicago, Illinois
1 Vote
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