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Updated almost 6 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Jason Chambliss
  • Lawrenceville, GA
1
Votes |
12
Posts

Just bought a house but want a rental property.

Jason Chambliss
  • Lawrenceville, GA
Posted

I'm looking for some insight.

What the best way to get into a rental property after just buying a house?

I've been looking in my home town of macon, Ga & the homes are not that expensive so its likely I find a good deal.

What are some scenarios or options, or am I crazy ?

Most Popular Reply

User Stats

17
Posts
2
Votes
Mordchai Lunger
  • Real Estate Broker
  • Miami, FL
2
Votes |
17
Posts
Mordchai Lunger
  • Real Estate Broker
  • Miami, FL
Replied

@Jason Chambliss

With a rental property as long as the rent will cover the mortgage you can get another loan. Usually the bank would want about 15-25% down make sure to reach out to some investor friendly lenders I can introduce you to some if you need. Can also try your local banks/credit unions every market is different sometimes those can be very helpful.

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