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Updated about 11 years ago on . Most recent reply

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2
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Matthew Matt
  • Wyoming, PA
0
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2
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getting investment load w/no landlord experience

Matthew Matt
  • Wyoming, PA
Posted

Hey guys

I'm looking to get into land lording and found a great deal on an inexpensive property. The problem is I have no experience as a landlord and all the major lenders won't consider someone without at least 2 years experience for an investment loan (even though I can put down 20%+ down payment).

Someone suggested I get a loan as primary residence and turn around and rent it out. Is this possible?? What kind of trouble am I looking at if my lender finds out? Any help/advise would be greatly appeciated.

Thank you!

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