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Updated about 1 year ago on . Most recent reply
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How to Finance Two Separate Houses One Deed?
Looking for a conventional loan to accommodate a property with two separate houses on one deed.
- Property receives one set of taxes
- Both houses are approximately the same sq ft. (1300)
- Two single-family homes, not attached (two different addresses)
- Property size 0.45 Acres
- Township won't allow subdivision unless each house sits on 0.5 acre lots
- Will reside in one house upon purchase, and will rent out the second house
- One house currently rented out for $1,400 a month with a one-year lease
- Purchase price $260,000
Looking for ideas or best ways to finance this type of property!
Thanks in advance!