Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago,

User Stats

3
Posts
0
Votes
Shaya Deaton
0
Votes |
3
Posts

Second Home financing options

Shaya Deaton
Posted

Hi everyone, 

I just discovered this fantastic platform, and I am curious how you all are thinking about this. For my first home purchase, I did a conventional bank loan through a top big bank. I lived in the property, however was "recalled" back to the office 4 hours away and ended up renting out long term. I no longer occupy that property. 

I am interested in buying my second property and willing to move to the state where it is located, with a job pending. Can I purchase as a primary home if I move in 6 months to this location? If I purchase as primary, what other limitations are there (how long I need to live there, etc). Do you know how lenders think about situations if I move there for a year and then get a job that takes me to a different location etc?

I am not trying to cheat the system, but generally interested in moving around to different markets, and sometimes the job takes me to different places. 

Any advice/recommendations, please! and be easy on me :)

Loading replies...