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All Forum Posts by: Jaime Camargo

Jaime Camargo has started 4 posts and replied 5 times.

Post: Renting out home on a conventional loan

Jaime CamargoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 3

Hello ,

I need some insight on a quick question. I am going to potentially buy my first property on a conventional loan . My question is , how long to I have to live in it before I move out and rent it ? My plan is to move out in one year and rent it out .

Any feedback is appreciated ,

Jaime

Post: New investor in Chicago , ready to start making moves

Jaime CamargoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 3

My name is Jaime Camargo, born and raised in Chicago. I have been saving for the last 16 months and feel I have a good amount of capital to start investing . I’m looking to meet investors in Chicago to talk about their experience investing in the area . I have read and educated myself enough that I feel confident in buying my first property. I am trying to scale up smart manner overtime . Also looking for an agent to have the finances ready to make a when the opportunity comes .

Thank you in advance. Peace and love to all ,

Jaime

Post: Two years of work minimum

Jaime CamargoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 3

I just graduated with my masters and have some money saved up, but I keep hearing that I have to work for two years before a can apply for a house loan. Is this true? My plan was to buy a house within the next 6 months, but it’s not looking so well. Please help

Post: First time homebuyers grant

Jaime CamargoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 3

@Harjeet Bhatti

Thank you

Post: First time homebuyers grant

Jaime CamargoPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 3

I’m new to real estate investment, but eager to learn. I want to buy my first property using a first time homebuyers grant , but I am concerned with contingencies that come with them ( have to live there for a time period, can’t refinance, and so forth). Would you suggest using the grant(s) , or just skip it all together if my plans are to buy a second property around 2 years after I buy my first . Hope I explained my scenario clear enough. Thank you in advance.