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Updated almost 2 years ago,
will rent to own deal affect my conventional loan?
Hi everyone! My name is Yanting, I am a newbie investor looking for my first rental property! I have been preapproved for a conventional loan for primary residence. But I found a property that I am interested in, and the seller is willing to do rent to own. So I was thinking I can purchase 2 properties, one using the conventional loan, the other using rent to own.
my question is if I do the rent to own deal first. will that affect my position for the conventional loan?
Thank you so much!!