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Updated over 9 years ago on . Most recent reply

User Stats

3
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0
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Stephanie Apostolou
  • Investor
  • Perry Hall, MD
0
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3
Posts

Washington DC Buy and Hold and Qwner Occupied Laws

Stephanie Apostolou
  • Investor
  • Perry Hall, MD
Posted

There are two Condos in Washington DC that are next to each other and the question is this: If a first time homebuyer with excellent credit and money in the bank were to buy both Condos owned by one company with the intention to make one a rental, can both be put under the same loan or are there 2 separate sets of rules since one will be a rental property. Is there any way to get around all of the extra fees and restrictions and paperwork to make this a smooth transaction. Any help would be appreciated...thanks!

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