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All Forum Posts by: Joshuah Mundy

Joshuah Mundy has started 5 posts and replied 26 times.

Post: Mortgage for Rental

Joshuah MundyPosted
  • Fenton, MI
  • Posts 26
  • Votes 9

@Stephanie P. Thanks for this insight!

Post: Mortgage for Rental

Joshuah MundyPosted
  • Fenton, MI
  • Posts 26
  • Votes 9

@George Despotopoulos Thank you for taking the time to reply and answer my questions. I appreciate it.

Post: Mortgage for Rental

Joshuah MundyPosted
  • Fenton, MI
  • Posts 26
  • Votes 9

@Jerry Padilla Thank you for the reply. I appreciate you taking the time answering my rookie questions.

Post: Mortgage for Rental

Joshuah MundyPosted
  • Fenton, MI
  • Posts 26
  • Votes 9

@Stephanie P. Do you know how long I would have to live in it before I make it a rental?

Post: Mortgage for Rental

Joshuah MundyPosted
  • Fenton, MI
  • Posts 26
  • Votes 9

@Matthew Irish-Jones thank you for the reply.

Post: Mortgage for Rental

Joshuah MundyPosted
  • Fenton, MI
  • Posts 26
  • Votes 9

How can I get around taking out an investment property loan? According to Quickens Loans I have to put down 20% if it's an investment. I am trying to put as little down as possible. Can I take out a personal mortgage and still rent out the house? 

Locations for investing are in the Southern half of Michigan and the Northern half of Ohio. Also looking into Memphis, TN area and possibly Buffalo, NY.