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Updated almost 6 years ago on . Most recent reply
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Just bought a house but want a rental property.
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 ?
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@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.