All Forum Posts by: Conner Wells

when house hacking is there a certain amount of time you have to live in the property before you can try and move on to the next property?

I found a property that is for sale and its three acres that are all connected but 1 acre is undeveloped and inside a subdivision and the other two acres are outside the subdivision and has three mobile homes on it that are all currently being rented.  I guess my question is this considered a investment property to a mortgage lender and also what kind of loan could i get on it?  Because eventually i might want to build on the one acre that is in the subdivision but leave the three mobile homes and the tenants.

I have enough cash for a down payment I was just wondering do I need to get the same person to co sign or someone else?

So Im in the closing phases of my first house that I plan to live in for a little while and Im looking at trying to purchase another property to rent.  I had to get someone to cosign for the first house and I was just wondering how I should go about trying to purchase my second property?